CF Bankshares (NASDAQ:CFBK) Posts Quarterly Earnings Results, Meets Estimates

CF Bankshares (NASDAQ:CFBK) announced its earnings results on Tuesday. The savings and loans company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91, Zacks reports. CF Bankshares had a return on equity of 10.10% and a net margin of 15.10%.

CF Bankshares Price Performance

CFBK traded up $0.69 on Tuesday, hitting $35.03. 4,130 shares of the company’s stock were exchanged, compared to its average volume of 51,081. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $38.11. 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 firm has a 50-day moving average price of $34.54 and a 200-day moving average price of $31.31. The stock has a market cap of $224.76 million, a price-to-earnings ratio of 12.04 and a beta of 0.43.

CF Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 12th were issued a $0.09 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. CF Bankshares’s dividend payout ratio (DPR) is presently 12.37%.

Analysts Set New Price Targets

Several brokerages recently commented on CFBK. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a report on Wednesday, September 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, CF Bankshares presently has a consensus rating of “Buy” and an average target price of $40.00.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a community-focused financial institution headquartered in Columbus, Ohio. CFBank provides banking services to individuals, families, businesses and professional clients through its branch network and digital banking channels.

The bank’s offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, consumer loans and commercial lending. It also provides business banking services such as commercial real estate and construction loans, treasury management, deposit services and other financing solutions for small and middle-market businesses.

CFBank primarily serves customers in Ohio, including the Columbus and Cleveland markets, with a focus on relationship-based community banking.