CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 34,700 shares, a growth of 350.6% from the December 15th total of 7,700 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They issued a “hold” rating for the company.

Insider Buying and Selling at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O’dell sold 2,278 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $27.28, for a total transaction of $62,143.84. Following the completion of the sale, the chief executive officer now owns 313,143 shares in the company, valued at $8,542,541.04. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 23,297 shares of company stock valued at $621,211 over the last 90 days. 19.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Graham Capital Wealth Management LLC bought a new stake in shares of CF Bankshares in the 2nd quarter worth approximately $2,774,000. Geode Capital Management LLC increased its position in CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock worth $808,000 after buying an additional 15,658 shares during the period. De Lisle Partners LLP increased its position in CF Bankshares by 10.4% in the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after buying an additional 4,843 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in CF Bankshares by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after buying an additional 2,172 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.

CF Bankshares Stock Down 0.4 %

CF Bankshares stock traded down $0.08 during midday trading on Tuesday, hitting $21.49. The stock had a trading volume of 22,219 shares, compared to its average volume of 36,919. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average price of $26.44 and a 200 day moving average price of $23.37. CF Bankshares has a 12 month low of $16.92 and a 12 month high of $31.17. The stock has a market cap of $110.16 million, a P/E ratio of 10.59 and a beta of 0.57.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 EPS for the quarter. The firm had revenue of $31.60 million during the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. During the same period in the prior year, the firm earned $0.62 EPS.

CF Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.28 dividend on an annualized basis and a yield of 1.30%. CF Bankshares’s dividend payout ratio is currently 13.79%.

CF Bankshares Company Profile

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.