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CF Bankshares Inc. (NASDAQ:CFBK), a profitable financial institution with a market capitalization of $155 million, is set to conduct its Annual Meeting of Stockholders virtually today at 10:00 a.m. Eastern Daylight Time. The meeting will be accessible via live webcast, as disclosed in a recent filing with the Securities and Exchange Commission (SEC).
The company, headquartered in Columbus (WA:CLC), Ohio, has provided additional information for the meeting in the form of presentation slides. These slides are included as Exhibit 99 in the Form 8-K filed with the SEC, and they are incorporated by reference for the meeting. According to InvestingPro, the company has demonstrated strong performance with a 24% return over the past year and maintains a conservative P/E ratio of 10.5.
CF Bankshares Inc., formerly known as Central Federal Corp and Grand Central Financial Corp, is registered under the state of Delaware. The company’s common stock is traded on the Nasdaq Global Market under the ticker symbol CFBK.
The information regarding the Annual Meeting and related exhibits is based on a press release statement filed with the SEC.
In other recent news, CF Bankshares has declared a quarterly cash dividend for its common and preferred stockholders. The Board of Directors announced a $0.07 per share dividend on common stock and a $7.00 per share dividend on Series D preferred stock, with payment scheduled for April 22, 2025. This decision aligns with CF Bankshares’ strategy to deliver shareholder value and reflects its financial health. Additionally, Piper Sandler initiated coverage on CF Bankshares with an Overweight rating and a price target of $29.00, citing the bank’s favorable valuation and improving profitability. Analysts from Piper Sandler project earnings per share of $2.99 in 2025 and $3.43 in 2026, suggesting potential growth. Furthermore, CF Bankshares announced a change in its certifying accountant, engaging Plante & Moran, PLLC as the new independent auditor for the fiscal year ending December 31, 2025. This transition follows the dismissal of the previous auditor, Forvis Mazars, LLP, and is part of the company’s regular corporate governance practices. There were no disagreements with Forvis Mazars over accounting principles or practices during their tenure.
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