CF Bankshares (NASDAQ:CFBK) Posts Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings data on Wednesday. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter, Zacks reports. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%.

CF Bankshares Price Performance

CFBK stock opened at $25.00 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. CF Bankshares has a 1 year low of $16.92 and a 1 year high of $31.17. The firm has a 50-day moving average of $24.68 and a 200 day moving average of $23.99. The company has a market cap of $128.25 million, a P/E ratio of 12.32 and a beta of 0.57.

CF Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 16th were given a $0.07 dividend. The ex-dividend date was Thursday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. CF Bankshares’s dividend payout ratio is 13.79%.

Insider Activity

In related news, CEO Timothy T. O’dell sold 2,278 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $27.28, for a total transaction of $62,143.84. Following the completion of the transaction, the chief executive officer now owns 313,143 shares of the company’s stock, valued at $8,542,541.04. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CF Bankshares in a research report on Tuesday, November 12th. They issued a “hold” rating on the stock.

CF Bankshares Company Profile

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 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.