CF Bankshares (NASDAQ:CFBK) Releases Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) released its quarterly earnings data on Wednesday. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter, RTT News reports. CF Bankshares had a return on equity of 8.35% and a net margin of 10.79%. The business had revenue of $31.60 million for the quarter. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

CF Bankshares Trading Down 2.9 %

CF Bankshares stock traded down $0.71 during midday trading on Thursday, hitting $23.95. 2,405 shares of the stock were exchanged, compared to its average volume of 5,063. The company has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $20.56. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $122.74 million, a PE ratio of 10.28 and a beta of 0.56. CF Bankshares has a 52 week low of $14.69 and a 52 week high of $27.17.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were given a dividend of $0.07 per share. The ex-dividend date was Friday, October 11th. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. CF Bankshares’s dividend payout ratio is presently 11.67%.

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.