CF Bankshares (NASDAQ:CFBK) Stock Passes Above Fifty Day Moving Average – What’s Next?

CF Bankshares Inc. (NASDAQ:CFBK) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.81 and traded as high as $30.55. CF Bankshares shares last traded at $30.10, with a volume of 62,987 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CFBK. Piper Sandler reduced their price objective on shares of CF Bankshares from $34.00 to $33.50 and set an “overweight” rating for the company in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CF Bankshares currently has an average rating of “Moderate Buy” and an average target price of $33.50.

CF Bankshares Trading Up 0.3%

The stock has a market capitalization of $193.24 million, a price-to-earnings ratio of 10.83 and a beta of 0.42. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $28.81 and a two-hundred day moving average of $28.37.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a net margin of 14.37% and a return on equity of 9.86%. The company had revenue of $14.81 million for the quarter, compared to analyst estimates of $16.40 million. On average, research analysts expect that CF Bankshares Inc. will post 3.62 EPS for the current year.

CF Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, April 13th. CF Bankshares’s dividend payout ratio is currently 12.95%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in CF Bankshares during the 3rd quarter worth $29,000. Bank of America Corp DE grew its position in shares of CF Bankshares by 1,305.7% in the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of CF Bankshares in the second quarter valued at about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of CF Bankshares in the second quarter worth about $50,000. Finally, BNP Paribas Financial Markets increased its stake in shares of CF Bankshares by 307.8% in the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after purchasing an additional 1,862 shares during the period. Institutional investors own 41.06% of the company’s stock.

CF Bankshares Company Profile

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.