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

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 34,700 shares, an increase of 350.6% from the December 31st total of 7,700 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the shares of the company are sold short.

Insider Buying and Selling at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the firm’s 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 transaction, the chief executive officer now owns 292,621 shares of the company’s stock, valued at $7,766,161.34. This trade represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 23,297 shares of company stock worth $621,211 over the last 90 days. Insiders own 19.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Graham Capital Wealth Management LLC bought a new position in CF Bankshares in the 2nd quarter valued at about $2,774,000. Aspiring Ventures LLC acquired a new stake in shares of CF Bankshares in the 4th quarter worth approximately $469,000. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 15,658 shares in the last quarter. De Lisle Partners LLP increased its stake in shares of 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 valued at $1,120,000 after acquiring an additional 4,843 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 2,172 shares in the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

CF Bankshares Stock Performance

Shares of CFBK traded up $0.16 during midday trading on Tuesday, hitting $24.22. 4,680 shares of the stock traded hands, compared to its average volume of 29,233. The business’s 50 day moving average price is $25.47 and its two-hundred day moving average price is $23.67. The firm has a market capitalization of $124.25 million, a PE ratio of 11.93 and a beta of 0.57. 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 has a 1-year low of $16.92 and a 1-year high of $31.17.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The firm had revenue of $31.60 million during the quarter. During the same period in the previous year, the firm earned $0.62 earnings per share.

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 paid a $0.07 dividend. The ex-dividend date was Thursday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.16%. CF Bankshares’s payout ratio is 13.79%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on CF Bankshares in a report 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.