Key Points
- COO Marianne Mckinney sold 400 shares of CF Bankshares at an average price of $35.36, generating $14,144; her remaining stake totaled 14,219 shares.
- CF Bankshares reported quarterly EPS of $0.90, slightly ahead of estimates, on $16.55 million in revenue. The company also maintains a quarterly dividend of $0.09 per share, equivalent to a 1.0% yield.
- Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $40.00; institutional investors and hedge funds own approximately 41.06% of the stock.
CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) COO Marianne Mckinney sold 400 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $35.36, for a total transaction of $14,144.00. Following the transaction, the chief operating officer directly owned 14,219 shares in the company, valued at approximately $502,783.84. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
CF Bankshares Price Performance
Shares of CFBK stock opened at $35.29 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.14 and a quick ratio of 1.13. The company has a market capitalization of $226.56 million, a PE ratio of 12.13 and a beta of 0.38. The firm's 50-day moving average is $34.53 and its two-hundred day moving average is $31.04. CF Bankshares Inc. has a 12 month low of $22.10 and a 12 month high of $38.11.
CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $16.55 million during the quarter, compared to analysts' expectations of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. Analysts predict that CF Bankshares Inc. will post 3.56 earnings per share for the current year.
CF Bankshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, July 13th. CF Bankshares's dividend payout ratio is 12.37%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CFBK. BlackRock Inc. acquired a new stake in CF Bankshares in the 2nd quarter valued at about $12,378,000. Rhino Investment Partners Inc acquired a new position in CF Bankshares during the 1st quarter worth approximately $3,499,000. Renaissance Technologies LLC increased its position in shares of CF Bankshares by 9.8% in the 1st quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company's stock valued at $2,637,000 after purchasing an additional 8,400 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CF Bankshares by 48.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company's stock valued at $2,571,000 after purchasing an additional 30,045 shares during the last quarter. Finally, De Lisle Partners LLP acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at $1,350,000. 41.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CFBK has been the subject of a number of recent analyst reports. Piper Sandler reissued an "overweight" rating and set a $40.00 price objective (up from $36.00) on shares of CF Bankshares in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CF Bankshares in a research note on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.
Get Our Latest Report on CF Bankshares
CF Bankshares Company Profile
(
Get Free Report)
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.
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