Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Rises By 21.9%

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 18,400 shares, a growth of 21.9% from the September 30th total of 15,100 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is presently 3.5 days. Approximately 0.5% of the company’s shares are short sold.

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFBK. Graham Capital Wealth Management LLC bought a new stake in shares of CF Bankshares in the second quarter valued at about $2,774,000. Kennedy Capital Management LLC bought a new position in shares of CF Bankshares during the first quarter worth about $619,000. Finally, Dimensional Fund Advisors LP raised its position in CF Bankshares by 9.4% in the 2nd 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 owned by institutional investors and hedge funds.

CF Bankshares Stock Up 0.7 %

Shares of NASDAQ CFBK traded up $0.19 during mid-day trading on Tuesday, reaching $25.62. 11,826 shares of the company’s stock were exchanged, compared to its average volume of 5,063. CF Bankshares has a twelve month low of $14.69 and a twelve month high of $27.17. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $131.30 million, a price-to-earnings ratio of 10.68 and a beta of 0.56. The business has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $20.56.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Tuesday, August 6th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.35% and a net margin of 10.79%. The business had revenue of $12.59 million during the quarter.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were given a $0.07 dividend. 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 1.09%. The ex-dividend date was Friday, October 11th. CF Bankshares’s payout ratio is currently 11.67%.

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.