CF Bankshares (NASDAQ:CFBK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of CF Bankshares (NASDAQ:CFBK) in a research note released on Tuesday. The firm issued a hold rating on the savings and loans company’s stock.

CF Bankshares Trading Down 1.6 %

Shares of CFBK stock opened at $27.29 on Tuesday. The stock has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $21.31. The stock has a market capitalization of $140.00 million, a P/E ratio of 13.44 and a beta of 0.53. CF Bankshares has a fifty-two week low of $16.00 and a fifty-two week high of $31.17. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.29%. The company had revenue of $31.60 million during the quarter. During the same quarter last year, the business posted $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, October 11th. CF Bankshares’s dividend payout ratio is currently 13.79%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in CF Bankshares by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in CF Bankshares during the 1st quarter valued at about $619,000. Geode Capital Management LLC increased its holdings in shares of CF Bankshares by 72.3% in the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after purchasing an additional 15,658 shares during the period. De Lisle Partners LLP boosted its holdings in shares of CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after purchasing an additional 4,843 shares during the period. Finally, Graham Capital Wealth Management LLC purchased a new position in CF Bankshares during the second quarter valued at approximately $2,774,000. 41.06% of the stock is owned by hedge funds and other institutional investors.

CF Bankshares Company Profile

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.