CF Bankshares (NASDAQ:CFBK) Given a $29.00 Price Target by Piper Sandler Analysts

CF Bankshares (NASDAQ:CFBK) received a $29.00 target price from Piper Sandler in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s price target would indicate a potential upside of 20.93% from the stock’s current price.

Separately, Wall Street Zen upgraded CF Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

CF Bankshares Stock Up 0.5%

Shares of NASDAQ:CFBK opened at $23.98 on Wednesday. The stock’s 50-day moving average price is $22.28 and its two-hundred day moving average price is $24.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. CF Bankshares has a 12-month low of $16.92 and a 12-month high of $31.17. The firm has a market cap of $125.18 million, a price-to-earnings ratio of 11.64 and a beta of 0.38.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.25% and a net margin of 10.72%.

Hedge Funds Weigh In On CF Bankshares

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of CF Bankshares by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company’s stock worth $991,000 after purchasing an additional 1,448 shares during the period. Aspiring Ventures LLC purchased a new stake in shares of CF Bankshares during the 4th quarter valued at about $469,000. 683 Capital Management LLC purchased a new stake in shares of CF Bankshares during the 4th quarter valued at about $340,000. Truffle Hound Capital LLC purchased a new stake in shares of CF Bankshares during the 4th quarter valued at about $2,043,000. Finally, Rhino Investment Partners Inc purchased a new stake in shares of CF Bankshares during the 4th quarter valued at about $5,557,000. 41.06% 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 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.