CF Bankshares (NASDAQ:CFBK) Share Price Passes Below 200 Day Moving Average of $19.43

CF Bankshares Inc. (NASDAQ:CFBK) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.43 and traded as low as $18.81. CF Bankshares shares last traded at $19.98, with a volume of 8,105 shares.

A number of research firms have commented on CFBK. Zacks Investment Research upgraded shares of CF Bankshares from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 1st. TheStreet raised shares of CF Bankshares from a “c+” rating to a “b-” rating in a report on Monday.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 1.19. The business’s fifty day simple moving average is $19.13 and its 200-day simple moving average is $19.43. The firm has a market capitalization of $104.78 million, a PE ratio of 4.74 and a beta of 0.80.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Tuesday, August 3rd. The savings and loans company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. CF Bankshares had a net margin of 29.21% and a return on equity of 24.41%. Sell-side analysts expect that CF Bankshares Inc. will post 2.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 2nd. Shareholders of record on Thursday, July 22nd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Wednesday, July 21st. CF Bankshares’s dividend payout ratio (DPR) is currently 2.68%.

Several hedge funds have recently bought and sold shares of CFBK. Wells Fargo & Company MN grew its holdings in shares of CF Bankshares by 1,412.4% in the second quarter. Wells Fargo & Company MN now owns 2,677 shares of the savings and loans company’s stock valued at $53,000 after purchasing an additional 2,500 shares in the last quarter. Salzhauer Michael purchased a new position in shares of CF Bankshares in the second quarter valued at $195,000. Dimensional Fund Advisors LP grew its holdings in shares of CF Bankshares by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,589 shares of the savings and loans company’s stock valued at $200,000 after purchasing an additional 840 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of CF Bankshares in the first quarter valued at $313,000. Finally, Almanack Investment Partners LLC. purchased a new position in shares of CF Bankshares in the first quarter valued at $332,000. 34.13% of the stock is owned by hedge funds and other institutional investors.

About CF Bankshares (NASDAQ:CFBK)

CF Bankshares, Inc operates as a financial holding company. The firm engages in the provision of business banking products and services. Its products and services include commercial loans and leases, commercial and residential real estate loans and treasury management depository services. The company was founded in September 1998 and is headquartered in Worthington, OH.

Featured Story: Correction

Receive News & Ratings for CF Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.