Sundeep Rana Sells 497 Shares of CF Bankshares Inc. (NASDAQ:CFBK) Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $29.00, for a total transaction of $14,413.00. Following the transaction, the director now owns 459 shares in the company, valued at approximately $13,311. The trade was a 51.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CF Bankshares Trading Down 1.9 %

Shares of NASDAQ:CFBK opened at $27.72 on Friday. The company has a market capitalization of $142.20 million, a PE ratio of 13.66 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. CF Bankshares Inc. has a 12-month low of $16.00 and a 12-month high of $31.17. The business’s fifty day simple moving average is $23.73 and its 200-day simple moving average is $21.25.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $31.60 million for the quarter. CF Bankshares had a return on equity of 8.29% and a net margin of 10.63%. During the same quarter last year, the firm earned $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. CF Bankshares’s payout ratio is 13.79%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CF Bankshares

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of CF Bankshares in the first quarter valued at about $619,000. De Lisle Partners LLP raised its stake in shares of 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 purchasing an additional 4,843 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of CF Bankshares during the second quarter worth about $2,774,000. 41.06% of the stock is owned by institutional investors and hedge funds.

About CF Bankshares

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.