CF Bankshares (NASDAQ:CFBK) Announces Earnings Results, Misses Expectations By $0.04 EPS

CF Bankshares (NASDAQ:CFBK) released its earnings results on Tuesday. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04), FiscalAI reports. CF Bankshares had a net margin of 14.37% and a return on equity of 9.98%. The company had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $16.40 million.

CF Bankshares Stock Up 2.3%

CF Bankshares stock traded up $0.63 during midday trading on Thursday, hitting $27.38. The stock had a trading volume of 16,882 shares, compared to its average volume of 46,389. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.63. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $34.33. The business has a fifty day moving average price of $28.96 and a 200 day moving average price of $27.14. The stock has a market cap of $175.75 million, a P/E ratio of 9.85 and a beta of 0.43.

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 $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, April 13th. CF Bankshares’s payout ratio is currently 13.38%.

Institutional Trading of CF Bankshares

Several institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC increased its stake in CF Bankshares by 6.4% during the fourth quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock valued at $15,832,000 after purchasing an additional 38,259 shares during the last quarter. Alliancebernstein L.P. increased its stake in CF Bankshares by 5.7% during the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock valued at $11,071,000 after purchasing an additional 24,775 shares during the last quarter. First Manhattan CO. LLC. grew its position in shares of CF Bankshares by 5.6% during the fourth quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock worth $4,666,000 after acquiring an additional 10,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CF Bankshares by 14.3% during the fourth quarter. Geode Capital Management LLC now owns 99,447 shares of the savings and loans company’s stock worth $2,481,000 after acquiring an additional 12,416 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of CF Bankshares by 54.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,079 shares of the savings and loans company’s stock worth $2,148,000 after acquiring an additional 30,400 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CFBK. Weiss Ratings raised shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Piper Sandler boosted their target price on shares of CF Bankshares from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.00.

About CF Bankshares

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.