CF Bankshares (NASDAQ:CFBK) Announces Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings data on Tuesday. The savings and loans company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91, Zacks reports. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%.

CF Bankshares Trading Up 1.9%

CF Bankshares stock traded up $0.66 during trading hours on Tuesday, hitting $34.99. The company had a trading volume of 5,193 shares, compared to its average volume of 51,091. The firm has a market cap of $224.53 million, a P/E ratio of 12.03 and a beta of 0.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.14. CF Bankshares has a 1 year low of $22.10 and a 1 year high of $38.11. The company has a 50-day moving average price of $34.54 and a two-hundred day moving average price of $31.31.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Monday, October 12th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, October 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. CF Bankshares’s dividend payout ratio (DPR) is presently 12.37%.

Wall Street Analyst Weigh In

CFBK has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, CF Bankshares currently has an average rating of “Buy” and an average price target of $40.00.

CF Bankshares Company Profile

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.