CF Bankshares Inc. (CFBK) To Go Ex-Dividend on April 13th

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Stockholders of record on Monday, April 13th will be paid a dividend of 0.09 per share by the savings and loans company on Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, April 13th.

CF Bankshares has raised its dividend by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 4 years. CF Bankshares has a payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings.

CF Bankshares Price Performance

Shares of CFBK remained flat at $28.00 during mid-day trading on Friday. 40,337 shares of the stock traded hands, compared to its average volume of 46,236. The company has a market capitalization of $180.04 million, a P/E ratio of 10.41 and a beta of 0.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.14 and a quick ratio of 1.13. The firm’s fifty day simple moving average is $29.81 and its 200 day simple moving average is $26.33. CF Bankshares has a 12-month low of $19.22 and a 12-month high of $34.33.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $15.75 million during the quarter, compared to analyst estimates of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

Analysts Set New Price Targets

A number of research firms have issued reports on CFBK. Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Piper Sandler upped their target price on CF Bankshares from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, CF Bankshares has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.