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

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of CF Bankshares stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $29.00, for a total transaction of $14,413.00. Following the sale, the director now directly owns 459 shares in the company, valued at approximately $13,311. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CF Bankshares Stock Performance

Shares of NASDAQ CFBK traded up $0.25 during midday trading on Wednesday, reaching $28.25. 1,936 shares of the company were exchanged, compared to its average volume of 5,451. The stock has a fifty day simple moving average of $23.60 and a 200 day simple moving average of $21.21. CF Bankshares Inc. has a 1 year low of $16.00 and a 1 year high of $31.17. The stock has a market cap of $144.84 million, a P/E ratio of 13.92 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 (NASDAQ:CFBK) last released its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. The firm had revenue of $31.60 million during the quarter. CF Bankshares had a return on equity of 8.29% and a net margin of 10.63%. During the same period in the previous year, the business earned $0.62 earnings per share.

CF Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were issued a $0.07 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.28 dividend on an annualized basis and a yield of 0.99%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on CF Bankshares in a research note on Tuesday. They set a “hold” rating for the company.

Institutional Trading of CF Bankshares

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted 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. Kennedy Capital Management LLC purchased a new stake in CF Bankshares during the 1st quarter worth $619,000. Finally, Graham Capital Wealth Management LLC acquired a new position in CF Bankshares in the 2nd quarter worth $2,774,000. 41.06% of the stock is owned by hedge funds and other 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.