CF Bankshares Inc. (NASDAQ:CFBK) raises dividend to $0.05 per share
CF Bankshares Inc. (NASDAQ: CFBK – Get a rating) announced a quarterly dividend on Tuesday, July 5, Zacks reports. Shareholders of record on Friday July 15 will receive a dividend of 0.05 per share from the savings and loan company on Tuesday July 26. This represents an annualized dividend of $0.20 and a yield of 0.97%. The ex-dividend date is Thursday, July 14. This is a positive change from CF Bankshares’ previous quarterly dividend of $0.04.
NASDAQ CFBK shares were down $0.30 midday Wednesday, hitting $20.70. The stock had a trading volume of 26,076 shares, compared to an average volume of 1,090. The company has a market capitalization of $108.68 million, a price-earnings ratio of 8.28 and a beta of 0, 68. CF Bankshares has a 1 year minimum of $18.25 and a 1 year maximum of $23.99. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt ratio of 0.76. The company has a fifty-day moving average price of $20.87 and a 200-day moving average price of $21.13.
CF Bankshares (NASDAQ:CFBK – Get a rating) last released its quarterly earnings data on Thursday, May 5. The savings and loan company reported earnings per share of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). The company posted revenue of $11.82 million in the quarter, versus analyst estimates of $13.00 million. CF Bankshares had a net margin of 28.49% and a return on equity of 13.33%. On average, research analysts expect CF Bankshares to post an EPS of 2.75 for the current year.
A hedge fund recently increased its stake in shares of CF Bankshares. Ancora Advisors LLC increased its stake in the shares of CF Bankshares Inc. (NASDAQ: CFBK – Get a rating) by 15.1% during the 1st quarter, according to its last filing with the SEC. The institutional investor held 252,105 shares in the savings and loan company after acquiring an additional 33,015 shares during the period. Ancora Advisors LLC owned approximately 4.80% of CF Bank shares worth $5,032,000 at the end of the most recent reporting period. 33.19% of the shares are held by hedge funds and other institutional investors.
About CF Bankshares (Get a rating)
CF Bankshares Inc operates as a bank holding company for CFBank, the national association that provides various banking products and services in the United States. The company accepts savings, retail and business checking accounts, money market accounts, and certificates of deposit. It also offers single-family mortgages; commercial real estate loans and multi-family residential mortgages; business loans; construction and land loans; and consumer loans, such as home equity lines of credit, home improvement loans and loans secured by deposits and purchased loans, as well as other loans.
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