Research analysts offer forecast for CF Bankshares Inc. earnings in the second quarter of 2022 (NASDAQ: CFBK)

CF Bankshares Inc. (NASDAQ: CFBK – Get a rating) – Piper Sandler analysts raised their Q2 2022 earnings per share estimates for CF Bankshares in a research report published Tuesday, March 29. Piper Sandler analyst B. Nosal now expects the savings and loan company to earn $0.81 per share for the quarter, up from its previous forecast of $0.80. . Piper Sandler also released estimates for CF Bankshares Q3 2022 earnings at $0.83 EPS, Q4 2022 earnings at $0.88 EPS, FY2022 earnings at $3.26 EPS, Q1 2023 earnings at $0.81 EPS, Q2 2023 earnings at $0.86 EPS, Q3 2023 earnings at $0.89 EPS and FY 2023 earnings at $3.48 EPS. CF Bankshares (NASDAQ:CFBK – Get a rating) last released its quarterly results on Monday, February 7. The savings and loan company reported earnings per share of $0.68 for the quarter, missing the Zacks consensus estimate of $0.71 per ($0.03). CF Bankshares had a net margin of 28.84% and a return on equity of 15.22%.

Separately, Zacks Investment Research upgraded CF Bankshares from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a Friday, Feb. 11 research note.

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CF Bankshares shares opened Wednesday at $21.57. CF Bankshares has a 1-year minimum of $17.45 and a 1-year maximum of $23.99. The company has a debt ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.14. The company has a market capitalization of $113.46 million, a PE ratio of 7.79 and a beta of 0.70. The company has a fifty-day simple moving average of $21.26.

Several hedge funds have recently changed their CFBK holdings. Wells Fargo & Company MN increased its holdings of CF Bankshares shares by 1,412.4% during the second quarter. Wells Fargo & Company MN now owns 2,677 shares of the savings and loan company worth $53,000 after purchasing an additional 2,500 shares in the last quarter. Mcdonald Partners LLC increased its holdings of CF Bankshares shares by 1.1% during the third quarter. Mcdonald Partners LLC now owns 298,302 shares of the savings and loan company worth $6,100,000 after buying 3,214 additional shares in the last quarter. BlackRock Inc. increased its holdings of CF Bankshares shares by 28.6% during the third quarter. BlackRock Inc. now owns 13,024 shares of the savings and loan company worth $266,000 after buying 2,899 additional shares in the last quarter. FourThought Financial LLC purchased a new position in shares of CF Bankshares during the third quarter for a value of approximately $45,000. Finally, Dimensional Fund Advisors LP increased its holdings of CF Bankshares shares by 13.7% during the third quarter. Dimensional Fund Advisors LP now owns 15,445 shares of the savings and loan company worth $316,000 after buying 1,866 additional shares in the last quarter. 28.71% of the shares are currently held by institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 1. Shareholders of record on Friday, January 21 received a dividend of $0.04 per share. This represents an annualized dividend of $0.16 and a dividend yield of 0.74%. The ex-dividend date was Thursday, January 20. CF Bankshares payout ratio is 5.78%.

About CF Bankshares (Get a rating)

CF Bankshares, Inc operates as a financial holding company. The company engages in the provision of corporate banking products and services. Its products and services include commercial loans and leases, commercial and residential real estate loans and cash management deposit services. The company was founded in September 1998 and is based in Worthington, OH.

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CF Bank (NASDAQ:CFBK) Earnings History and Stock Estimates

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