CF Bankshares Inc. (NASDAQ:CFBK) Sees Large Drop in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 12,900 shares, a decline of 13.4% from the November 15th total of 14,900 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors have recently modified their holdings of CFBK. Dimensional Fund Advisors LP boosted its position in shares of CF Bankshares by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares during the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 15,658 shares during the period. De Lisle Partners LLP boosted its holdings in shares of CF Bankshares by 10.4% in the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares during the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of CF Bankshares during the 2nd quarter valued at $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

CF Bankshares Stock Performance

Shares of CFBK stock traded down $0.84 during mid-day trading on Monday, hitting $26.33. The stock had a trading volume of 36,541 shares, compared to its average volume of 7,842. CF Bankshares has a fifty-two week low of $16.92 and a fifty-two week 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. The company’s 50-day simple moving average is $26.41 and its 200-day simple moving average is $22.68. The firm has a market cap of $135.07 million, a PE ratio of 12.97 and a beta of 0.55.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results 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 for the quarter. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%. During the same quarter last year, the firm earned $0.62 earnings per share.

CF Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were given a $0.07 dividend. The ex-dividend date was Friday, October 11th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.06%. CF Bankshares’s dividend payout ratio is currently 13.79%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on CF Bankshares in a research note on Tuesday, November 12th. They set a “hold” rating for the company.

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.