CF Bankshares (NASDAQ:CFBK) Now Covered by Analysts at StockNews.com

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

CF Bankshares Stock Performance

Shares of CFBK stock opened at $28.00 on Tuesday. CF Bankshares has a 12 month low of $16.00 and a 12 month high of $31.17. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The company has a market cap of $143.64 million, a P/E ratio of 13.79 and a beta of 0.53. The firm has a fifty day moving average price of $23.47 and a 200 day moving average price of $21.16.

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

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.00%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in CF Bankshares by 9.4% during 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 acquired a new stake in shares of CF Bankshares during the first quarter worth about $619,000. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of CF Bankshares in the 2nd quarter valued at about $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

About CF Bankshares

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.