CF Bankshares (NASDAQ:CFBK) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

CF Bankshares Inc. (NASDAQ:CFBK)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $26.22 and traded as high as $28.75. CF Bankshares shares last traded at $27.26, with a volume of 49,671 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on CF Bankshares in a research report on Tuesday, November 12th. They set a “hold” rating for the company.

CF Bankshares Price Performance

The firm has a market capitalization of $139.84 million, a P/E ratio of 13.43 and a beta of 0.55. The company has a fifty day moving average of $26.22 and a 200 day moving average of $22.52. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 EPS for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The company had revenue of $31.60 million for the quarter. During the same period in the prior year, the company posted $0.62 earnings per share.

CF Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. CF Bankshares’s dividend payout ratio (DPR) is 13.79%.

Institutional Investors Weigh In On CF Bankshares

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after buying an additional 15,658 shares during the period. De Lisle Partners LLP increased its stake in shares of CF Bankshares by 10.4% in the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after acquiring an additional 4,843 shares in the last quarter. Graham Capital Wealth Management LLC increased its stake in shares of CF Bankshares by 0.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock valued at $3,221,000 after acquiring an additional 923 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after acquiring an additional 2,172 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

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.