CF Bankshares Inc. (NASDAQ:CFBK) Director Sells $14,413.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $29.00, for a total value of $14,413.00. Following the completion of the sale, the director now owns 459 shares of the company’s stock, valued at $13,311. The trade was a 51.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

CF Bankshares Stock Down 1.6 %

Shares of CF Bankshares stock opened at $27.29 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $140.00 million, a price-to-earnings ratio of 13.44 and a beta of 0.53. The firm’s 50-day moving average is $23.85 and its two-hundred day moving average is $21.31. CF Bankshares Inc. has a 1 year low of $16.00 and a 1 year high of $31.17.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data 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 net margin of 10.63% and a return on equity of 8.29%. During the same period in the previous year, the business earned $0.62 earnings per share.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, October 11th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s payout ratio is 13.79%.

Institutional Trading of CF Bankshares

Several hedge funds have recently modified their holdings of CFBK. Graham Capital Wealth Management LLC raised its stake in shares of CF Bankshares by 0.6% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock worth $3,221,000 after acquiring an additional 923 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CF Bankshares by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after purchasing an additional 2,172 shares in the last quarter. De Lisle Partners LLP lifted its holdings 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 purchasing an additional 4,843 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $808,000 after purchasing an additional 15,658 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in CF Bankshares during the 1st quarter worth $619,000. 41.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.