CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) has released its quarterly earnings results, showcasing a strong performance for the period.

Earnings Overview

The savings and loans company reported an earnings per share (EPS) of $0.65 for the quarter, compared to $0.62 EPS during the same period last year. This indicates a steady growth in the company's profitability.

Financial Metrics

CF Bankshares demonstrated a net margin of 10.79% and a return on equity of 8.35%. In terms of revenue, the firm generated $31.60 million during this quarter, reflecting its solid market standing.

Market Performance

On Thursday, the company's stock traded down $0.71, reaching $23.95. The trading volume was 2,405 shares, lower than the average volume of 5,063 shares. Over the past year, CF Bankshares has seen a 52-week low of $14.69 and a high of $27.17.

Dividend Increase

Recently, CF Bankshares declared a quarterly dividend of $0.07, which was higher than its previous dividend of $0.06. The dividend was paid to shareholders of record on October 11th, and this increase resulted in an annualized dividend of $0.28, giving the company a yield of 1.17%. The payout ratio stands at 11.67%, indicating a prudent allocation of earnings to dividends.

Company Profile

CF Bankshares Inc serves as the bank holding company for CFBank, National Association, offering a variety of banking products and services across the United States. Their offerings include savings and checking accounts, mortgage loans, commercial loans, and retail banking services.

Investment Consideration

Investors should note that while CF Bankshares holds a "hold" rating among analysts, other stocks are currently being recommended as better investments. It's essential for potential investors to conduct thorough research and consider recommendations from top-rated analysts before making decisions.

earnings, finance, dividend