CF Bankshares Inc. (NASDAQ:CFBK) Declares Quarterly Dividend of $0.09

CF Bankshares Inc. (NASDAQ:CFBK) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, October 12th will be given a dividend of $0.09 per share by the savings and loans company on Tuesday, October 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th.

CF Bankshares has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect CF Bankshares to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 8.6%.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK opened at $33.88 on Friday. The company has a 50 day moving average of $35.05 and a 200 day moving average of $31.46. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. The stock has a market cap of $217.51 million, a P/E ratio of 11.64 and a beta of 0.43. CF Bankshares has a 12 month low of $22.10 and a 12 month high of $38.11.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. The business had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $16.30 million. As a group, sell-side analysts forecast that CF Bankshares will post 3.56 EPS for the current fiscal year.

CF Bankshares Company Profile

CF Bankshares Inc is the bank holding company for CFBank, a nationally chartered community bank headquartered in Columbus, Ohio. Through CFBank, the company provides banking services to individuals, businesses and commercial real estate clients.

CFBank’s products and services include checking and savings accounts, certificates of deposit, commercial and residential real estate lending, construction loans, business loans, consumer loans and mortgage banking. The bank also offers treasury management and other deposit and cash-management services designed to support business customers.

CFBank primarily serves customers in Ohio, with a focus on the Columbus and surrounding central Ohio markets as well as other communities served through its banking offices and lending operations.