CF Bankshares (NASDAQ:CFBK) Share Price Crosses Above Fifty Day Moving Average of $17.41

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 $17.41 and traded as high as $19.36. CF Bankshares shares last traded at $19.36, with a volume of 8,844 shares.

Separately, Zacks Investment Research upgraded shares of CF Bankshares from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Friday, February 5th.

The company has a fifty day moving average of $17.41 and a 200-day moving average of $14.48. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $102.70 million, a price-to-earnings ratio of 4.99 and a beta of 0.72.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings results on Monday, February 1st. The savings and loans company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $21.58 million for the quarter, compared to analyst estimates of $23.70 million. CF Bankshares had a return on equity of 27.74% and a net margin of 27.34%. As a group, equities research analysts expect that CF Bankshares Inc. will post 4.37 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 1st. Stockholders of record on Thursday, January 21st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, January 20th. CF Bankshares’s dividend payout ratio is presently 5.91%.

In other news, CEO Timothy T. O’dell purchased 2,000 shares of the stock in a transaction dated Wednesday, February 10th. The shares were purchased at an average cost of $18.05 per share, with a total value of $36,100.00. Following the completion of the purchase, the chief executive officer now directly owns 218,248 shares of the company’s stock, valued at approximately $3,939,376.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in CF Bankshares by 5.5% during the fourth quarter. Alliancebernstein L.P. now owns 462,656 shares of the savings and loans company’s stock worth $8,184,000 after buying an additional 23,967 shares during the last quarter. Mcdonald Partners LLC acquired a new position in CF Bankshares during the fourth quarter worth $934,000. Finally, Stilwell Value LLC acquired a new position in CF Bankshares during the third quarter worth $92,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

About CF Bankshares (NASDAQ:CFBK)

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; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits, as well as other loans.

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