CF Bankshares (NASDAQ:CFBK) Shares Pass Above 50 Day Moving Average – Time to Sell?

CF Bankshares Inc. (NASDAQ:CFBK)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.81 and traded as high as $30.55. CF Bankshares shares last traded at $30.10, with a volume of 62,987 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CFBK shares. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Piper Sandler decreased their price objective on CF Bankshares from $34.00 to $33.50 and set an “overweight” rating for the company in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.50.

CF Bankshares Trading Up 0.3%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market cap of $193.24 million, a price-to-earnings ratio of 10.83 and a beta of 0.42. The company’s 50 day simple moving average is $28.81 and its two-hundred day simple moving average is $28.37.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Tuesday, May 5th. The savings and loans company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). CF Bankshares had a net margin of 14.37% and a return on equity of 9.86%. The company had revenue of $14.81 million for the quarter, compared to analysts’ expectations of $16.40 million. Research analysts expect that CF Bankshares Inc. will post 3.62 EPS for the current fiscal year.

CF Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th were paid a $0.09 dividend. The ex-dividend date was Monday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. CF Bankshares’s payout ratio is 12.95%.

Institutional Investors Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares during the 1st quarter valued at about $3,499,000. Empowered Funds LLC acquired a new position in CF Bankshares in the first quarter worth approximately $451,000. Renaissance Technologies LLC increased its holdings in CF Bankshares by 9.8% in the first quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company’s stock worth $2,637,000 after buying an additional 8,400 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CF Bankshares by 48.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after acquiring an additional 30,045 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in CF Bankshares by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 14,578 shares of the savings and loans company’s stock valued at $407,000 after acquiring an additional 427 shares in the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

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.