CF Bankshares (NASDAQ:CFBK) Stock Crosses Below 200 Day Moving Average of $18.86

Shares of CF Bankshares Inc. (NASDAQ:CFBK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.86 and traded as low as $18.46. CF Bankshares shares last traded at $18.46, with a volume of 1,159 shares traded.

Analysts Set New Price Targets

Separately, TheStreet raised CF Bankshares from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th.

CF Bankshares Price Performance

The firm has a market capitalization of $93.75 million, a P/E ratio of 7.07 and a beta of 0.52. The business has a 50-day moving average of $20.32 and a 200 day moving average of $18.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Wednesday, February 7th. The savings and loans company reported $0.65 EPS for the quarter. CF Bankshares had a return on equity of 11.34% and a net margin of 15.08%. The business had revenue of $12.79 million during the quarter.

CF Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 18th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Wednesday, April 17th. CF Bankshares’s payout ratio is 9.20%.

Hedge Funds Weigh In On CF Bankshares

A hedge fund recently bought a new stake in CF Bankshares stock. Windsor Advisory Group LLC purchased a new stake in shares of CF Bankshares Inc. (NASDAQ:CFBK) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,000 shares of the savings and loans company’s stock, valued at approximately $390,000. CF Bankshares comprises 1.2% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 28th largest position. Windsor Advisory Group LLC owned approximately 0.38% of CF Bankshares as of its most recent SEC filing. 41.06% of the stock is owned by institutional investors.

About CF Bankshares

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.