CF Bankshares (NASDAQ:CFBK) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of CF Bankshares Inc. (NASDAQ:CFBK) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $28.40 and traded as high as $31.98. CF Bankshares shares last traded at $30.53, with a volume of 52,861 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Bankshares in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, CF Bankshares has a consensus rating of “Hold” and an average target price of $29.00.

CF Bankshares Trading Down 4.1%

The stock has a market cap of $194.48 million, a P/E ratio of 11.35 and a beta of 0.42. The stock’s 50-day moving average is $28.40 and its two-hundred day moving average is $25.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. CF Bankshares had a net margin of 13.82% and a return on equity of 9.87%. The company had revenue of $10.54 million for the quarter, compared to the consensus estimate of $15.94 million.

CF Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, January 15th. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. CF Bankshares’s dividend payout ratio is currently 13.38%.

Institutional Trading of CF Bankshares

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock valued at $463,000 after acquiring an additional 4,910 shares during the last quarter. Jane Street Group LLC purchased a new stake in CF Bankshares during the first quarter valued at $263,000. Geode Capital Management LLC lifted its position in CF Bankshares by 108.4% during the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after purchasing an additional 44,963 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CF Bankshares in the 2nd quarter worth $44,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of CF Bankshares in the 2nd quarter worth about $278,000. Institutional investors own 41.06% of the company’s stock.

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.