150,386 Shares in CF Bankshares Inc. $CFBK Purchased by Daytona Street Capital LLC

Daytona Street Capital LLC purchased a new position in CF Bankshares Inc. (NASDAQ:CFBK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 150,386 shares of the savings and loans company’s stock, valued at approximately $3,752,000. CF Bankshares makes up 2.5% of Daytona Street Capital LLC’s investment portfolio, making the stock its 6th largest holding. Daytona Street Capital LLC owned approximately 2.36% of CF Bankshares at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC purchased a new stake in shares of CF Bankshares during the third quarter valued at $29,000. Russell Investments Group Ltd. purchased a new stake in shares of CF Bankshares during the third quarter valued at $29,000. Bank of America Corp DE boosted its position in shares of CF Bankshares by 1,305.7% during the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock valued at $41,000 after buying an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of CF Bankshares during the second quarter valued at $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of CF Bankshares during the second quarter valued at $50,000. 41.06% of the stock is owned by hedge funds and other institutional investors.

CF Bankshares Stock Up 2.0%

CFBK stock opened at $28.56 on Tuesday. CF Bankshares Inc. has a fifty-two week low of $19.26 and a fifty-two week high of $34.33. The business’s 50-day moving average is $29.79 and its two-hundred day moving average is $26.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $183.64 million, a price-to-earnings ratio of 10.62 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK) last posted 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 company had revenue of $15.75 million for the quarter, compared to the consensus estimate of $15.94 million.

CF Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Monday, April 13th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. CF Bankshares’s dividend payout ratio is currently 13.38%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler increased their price objective on CF Bankshares from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings raised CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research 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. According to MarketBeat, CF Bankshares currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.