CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell Sells 20,522 Shares

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell sold 20,522 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $26.54, for a total value of $544,653.88. Following the transaction, the chief executive officer now directly owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CF Bankshares Stock Up 2.4 %

CF Bankshares stock opened at $24.65 on Friday. The firm has a market cap of $126.36 million, a price-to-earnings ratio of 12.14 and a beta of 0.55. CF Bankshares Inc. has a 52-week low of $16.92 and a 52-week high of $31.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $22.74.

CF Bankshares (NASDAQ:CFBK) last announced its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. The business 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 business earned $0.62 EPS.

CF Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, October 11th. CF Bankshares’s payout ratio is currently 13.79%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On CF Bankshares

Large investors have recently added to or reduced their stakes in the business. 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 period. Geode Capital Management LLC increased its stake in shares of CF Bankshares by 72.3% in the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after acquiring an additional 15,658 shares in the last quarter. De Lisle Partners LLP lifted its position in shares of CF Bankshares by 10.4% during the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after acquiring an additional 4,843 shares during the period. Finally, Graham Capital Wealth Management LLC bought a new position in CF Bankshares during the second quarter worth $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

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.