CF Bankshares Inc. (NASDAQ:CFBK) CEO Sells $62,143.84 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell sold 2,278 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 313,143 shares of the company’s stock, valued at approximately $8,542,541.04. This represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CF Bankshares Price Performance

Shares of CFBK 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 12 month low of $16.92 and a 12 month high of $31.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $26.56 and a 200 day moving average price of $22.74.

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

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were given a dividend of $0.07 per share. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. CF Bankshares’s payout ratio is presently 13.79%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 2,172 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CF Bankshares by 72.3% during the 3rd 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 stake in shares of CF Bankshares by 10.4% in 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 last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of CF Bankshares in the 2nd quarter valued at about $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analysts Set New Price Targets

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