CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings data on Wednesday. The savings and loans company reported $0.68 earnings per share for the quarter, Zacks reports. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%.

CF Bankshares Stock Up 0.3 %

NASDAQ CFBK traded up $0.09 during trading hours on Wednesday, reaching $24.83. 1,510 shares of the company’s stock traded hands, compared to its average volume of 20,993. CF Bankshares 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 current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day simple moving average of $24.74 and a 200 day simple moving average of $23.99. The firm has a market cap of $127.35 million, a PE ratio of 12.23 and a beta of 0.57.

CF Bankshares Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, January 16th. CF Bankshares’s dividend payout ratio is presently 13.79%.

Insiders Place Their Bets

In other CF Bankshares news, CEO Timothy T. O’dell sold 2,278 shares of CF Bankshares stock in a transaction on Friday, December 13th. The stock was sold at an average price of $27.28, for a total transaction of $62,143.84. Following the completion of the transaction, the chief executive officer now owns 313,143 shares in the company, valued at approximately $8,542,541.04. The trade was a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 19.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on CF Bankshares in a research note on Tuesday, November 12th. They issued 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.