Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Grows By 115.0%

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,300 shares, a growth of 115.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.1% of the shares of the stock are sold short.

CF Bankshares Price Performance

CFBK stock traded up $0.45 during mid-day trading on Friday, hitting $21.84. The company had a trading volume of 646 shares, compared to its average volume of 4,537. The company has a market capitalization of $111.93 million, a price-to-earnings ratio of 9.10 and a beta of 0.56. The company has a 50-day moving average price of $21.46 and a 200 day moving average price of $19.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. CF Bankshares has a 12-month low of $14.69 and a 12-month high of $22.90.

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

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, July 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. CF Bankshares’s dividend payout ratio (DPR) is presently 10.00%.

Institutional Investors Weigh In On CF Bankshares

Institutional investors have recently modified their holdings of the stock. Graham Capital Wealth Management LLC bought a new stake in CF Bankshares in the second quarter worth $2,774,000. Kennedy Capital Management LLC purchased a new position in shares of CF Bankshares during the 1st quarter worth about $619,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 valued at $474,000 after purchasing an additional 2,172 shares during the last quarter. 41.06% of the stock is owned by institutional investors.

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.