CF Bankshares (NASDAQ:CFBK) Stock Crosses Below 200 Day Moving Average of $17.55

CF Bankshares Inc. (NASDAQ:CFBK) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.55 and traded as low as $17.09. CF Bankshares shares last traded at $18.01, with a volume of 2,645 shares trading hands.

CF Bankshares Stock Performance

The company has a market capitalization of $95.25 million, a PE ratio of 6.65 and a beta of 0.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $17.55.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Thursday, August 3rd. The savings and loans company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $12.46 million during the quarter, compared to analysts’ expectations of $13.10 million. CF Bankshares had a return on equity of 13.13% and a net margin of 18.84%. Analysts predict that CF Bankshares Inc. will post 2.49 EPS for the current fiscal year.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 21st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, July 20th. CF Bankshares’s payout ratio is 8.86%.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of CF Bankshares by 1.5% in the 2nd quarter. Alliancebernstein L.P. now owns 522,242 shares of the savings and loans company’s stock worth $7,834,000 after purchasing an additional 7,601 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CF Bankshares by 65.9% in the 2nd quarter. Wells Fargo & Company MN now owns 4,449 shares of the savings and loans company’s stock worth $67,000 after purchasing an additional 1,768 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of CF Bankshares by 5.2% in the 2nd quarter. BlackRock Inc. now owns 13,380 shares of the savings and loans company’s stock worth $201,000 after purchasing an additional 656 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CF Bankshares by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 21,939 shares of the savings and loans company’s stock worth $333,000 after purchasing an additional 846 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of CF Bankshares in the 2nd quarter valued at about $254,000. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

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 also 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.