CF Bankshares Inc. (CFBK) to Issue Quarterly Dividend of $0.07 on January 27th

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Thursday, January 16th will be given a dividend of 0.07 per share by the savings and loans company on Monday, January 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, January 16th.

CF Bankshares has raised its dividend payment by an average of 24.4% per year over the last three years.

CF Bankshares Stock Performance

Shares of CF Bankshares stock opened at $21.57 on Tuesday. The firm’s fifty day simple moving average is $26.53 and its 200-day simple moving average is $23.35. The stock has a market capitalization of $110.57 million, a price-to-earnings ratio of 10.63 and a beta of 0.57. CF Bankshares has a 12 month low of $16.92 and a 12 month high of $31.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13.

CF Bankshares (NASDAQ:CFBK) last announced 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 8.20%. During the same period in the prior year, the firm posted $0.62 earnings per share.

Insiders Place Their Bets

In related news, CEO Timothy T. O’dell sold 2,278 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $27.28, for a total value of $62,143.84. Following the sale, the chief executive officer now directly owns 313,143 shares in the company, valued at $8,542,541.04. The trade was a 0.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 23,297 shares of company stock worth $621,211. Corporate insiders own 19.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of CF Bankshares in a research note 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.