CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 8,100 shares, a drop of 83.6% from the January 15th total of 49,500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is presently 0.3 days.

CF Bankshares Stock Down 0.8 %

Shares of NASDAQ:CFBK traded down $0.21 during midday trading on Thursday, reaching $24.80. The company had a trading volume of 1,199 shares, compared to its average volume of 20,762. The stock has a market capitalization of $127.20 million, a P/E ratio of 12.21 and a beta of 0.57. The stock’s fifty day moving average price is $24.68 and its 200-day moving average price is $23.99. 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 has a one year low of $16.92 and a one year high of $31.17.

CF Bankshares (NASDAQ:CFBK) last released its earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%.

CF Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.28 annualized dividend and a yield of 1.13%. CF Bankshares’s payout ratio is 13.79%.

Insider Activity

In other news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $26.54, for a total value of $544,653.88. Following the completion of the sale, the chief executive officer now owns 292,621 shares in the company, valued at approximately $7,766,161.34. This trade represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cutter & CO Brokerage Inc. bought a new stake in CF Bankshares in the fourth quarter valued at $219,000. Aspiring Ventures LLC bought a new stake in CF Bankshares in the fourth quarter valued at $469,000. Salzhauer Michael lifted its stake in CF Bankshares by 4.6% in the fourth quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company’s stock valued at $684,000 after buying an additional 1,189 shares during the last quarter. Geode Capital Management LLC lifted its stake in CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after buying an additional 15,658 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in CF Bankshares by 17.0% in the fourth quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company’s stock valued at $1,111,000 after buying an additional 6,309 shares during the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on CF Bankshares in a report on Tuesday, November 12th. They set a “hold” rating on the stock.

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.