CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter, RTT News reports. CF Bankshares had a return on equity of 8.35% and a net margin of 10.79%. The business 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 Price Performance

Shares of CFBK traded down $0.71 during mid-day trading on Thursday, hitting $23.95. The company’s stock had a trading volume of 2,405 shares, compared to its average volume of 5,063. CF Bankshares has a fifty-two week low of $14.69 and a fifty-two week high of $27.17. The stock has a market capitalization of $122.74 million, a price-to-earnings ratio of 10.28 and a beta of 0.56. The firm has a 50-day moving average price of $22.37 and a 200 day moving average price of $20.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.15.

CF Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Shareholders 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 boost from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.17%. CF Bankshares’s payout ratio is 11.67%.

About CF Bankshares

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.