CF Bankshares (NASDAQ:CFBK) Stock Price Expected to Rise, Piper Sandler Analyst Says

CF Bankshares (NASDAQ:CFBK) had its price objective hoisted by research analysts at Piper Sandler from $29.00 to $34.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the savings and loans company’s stock. Piper Sandler’s price objective suggests a potential upside of 21.43% from the stock’s previous close.

Separately, Weiss Ratings upgraded CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK opened at $28.00 on Thursday. The business’s 50 day moving average is $29.79 and its 200 day moving average is $26.35. The stock has a market cap of $180.04 million, a P/E ratio of 10.41 and a beta of 0.42. CF Bankshares has a 52-week low of $19.22 and a 52-week high of $34.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.63.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. CF Bankshares had a return on equity of 9.76% and a net margin of 13.82%.The business had revenue of $15.75 million during the quarter, compared to analyst estimates of $15.94 million.

Institutional Trading of CF Bankshares

A number of hedge funds have recently bought and sold shares of CFBK. Goldman Sachs Group Inc. boosted its position in CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock valued at $463,000 after acquiring an additional 4,910 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CF Bankshares during the 1st quarter worth $263,000. Geode Capital Management LLC lifted its stake in shares of CF Bankshares by 108.4% during the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock worth $2,072,000 after purchasing an additional 44,963 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in CF Bankshares during the second quarter valued at about $44,000. Finally, New York State Common Retirement Fund bought a new stake in CF Bankshares during the second quarter valued at about $103,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

CF Bankshares Company Profile

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.