Graham Capital Wealth Management LLC Sells 609 Shares of CF Bankshares Inc. (NASDAQ:CFBK)

Graham Capital Wealth Management LLC cut its stake in CF Bankshares Inc. (NASDAQ:CFBK) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,174 shares of the savings and loans company’s stock after selling 609 shares during the quarter. CF Bankshares makes up 3.5% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Graham Capital Wealth Management LLC owned 2.89% of CF Bankshares worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Aspiring Ventures LLC acquired a new position in CF Bankshares during the fourth quarter worth $469,000. Dimensional Fund Advisors LP increased its position in 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 buying an additional 2,172 shares during the last quarter. Geode Capital Management LLC increased its position in CF Bankshares by 72.3% during the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock worth $808,000 after buying an additional 15,658 shares during the last quarter. Finally, De Lisle Partners LLP increased its position in CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after buying an additional 4,843 shares during the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

CF Bankshares Trading Down 2.0 %

Shares of NASDAQ:CFBK opened at $24.44 on Monday. The company has a market cap of $125.38 million, a P/E ratio of 12.04 and a beta of 0.57. The stock’s 50-day moving average is $25.25 and its 200-day moving average is $23.80. CF Bankshares Inc. has a 52-week low of $16.92 and a 52-week high of $31.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13.

CF Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 16th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, January 16th. CF Bankshares’s dividend payout ratio is currently 13.79%.

Insider Activity

In related news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 is accessible through this hyperlink. Over the last ninety days, insiders have sold 23,297 shares of company stock valued at $621,211. 19.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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