CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBKGet Free Report) released its earnings results on Wednesday. The savings and loans company reported $0.65 earnings per share for the quarter, reports. The firm had revenue of $12.79 million for the quarter. CF Bankshares had a net margin of 15.08% and a return on equity of 11.50%.

CF Bankshares Stock Performance

Shares of CFBK stock opened at $21.76 on Friday. The stock has a market capitalization of $115.11 million, a P/E ratio of 8.34 and a beta of 0.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $19.83 and its 200 day moving average is $17.87. CF Bankshares has a 12 month low of $14.69 and a 12 month high of $22.00.

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, January 12th. CF Bankshares’s payout ratio is currently 9.20%.

Insider Activity at CF Bankshares

In other CF Bankshares news, Director David L. Royer purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $40,000.00. Following the purchase, the director now owns 30,012 shares of the company’s stock, valued at approximately $480,192. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.60% of the stock is currently owned by corporate insiders.

Institutional Trading of CF Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of CF Bankshares by 1.5% in the 2nd quarter. Alliancebernstein L.P. now owns 522,242 shares of the savings and loans company’s stock worth $7,834,000 after buying an additional 7,601 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of CF Bankshares by 15.1% during the 1st quarter. Ancora Advisors LLC now owns 252,105 shares of the savings and loans company’s stock valued at $5,032,000 after purchasing an additional 33,015 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in shares of CF Bankshares by 2.0% during the 1st quarter. First Manhattan CO. LLC. now owns 177,019 shares of the savings and loans company’s stock valued at $3,452,000 after purchasing an additional 3,500 shares during the last quarter. First Manhattan Co. grew its holdings in shares of CF Bankshares by 92.4% during the 1st quarter. First Manhattan Co. now owns 173,519 shares of the savings and loans company’s stock valued at $3,869,000 after purchasing an additional 83,333 shares during the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. grew its holdings in shares of CF Bankshares by 16.0% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 149,830 shares of the savings and loans company’s stock valued at $3,173,000 after purchasing an additional 20,714 shares during the last quarter. Institutional investors own 30.23% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of CF Bankshares from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th.

Read Our Latest Stock Report on CFBK

CF Bankshares Company Profile

(Get Free Report)

CF Bankshares Inc operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans and equipment leases; residential real estate loans and treasury management depository services; retail banking services and products.

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Earnings History for CF Bankshares (NASDAQ:CFBK)

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