CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Growth in Short Interest

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

CF Bankshares Stock Up 0.7 %

CFBK traded up $0.16 during trading on Tuesday, reaching $24.22. 4,680 shares of the stock traded hands, compared to its average volume of 29,233. The stock’s 50-day simple moving average is $25.47 and its two-hundred day simple moving average is $23.67. 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 fifty-two week low of $16.92 and a fifty-two week high of $31.17. The stock has a market cap of $124.25 million, a price-to-earnings ratio of 11.93 and a beta of 0.57.

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

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction that occurred on 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 directly owns 292,621 shares of the company’s stock, valued at $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 23,297 shares of company stock valued at $621,211. Company insiders own 19.70% of the company’s stock.

Hedge Funds Weigh In On CF Bankshares

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position 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 purchasing an additional 15,658 shares during the period. Graham Capital Wealth Management LLC acquired a new position in CF Bankshares in the 2nd quarter valued at $2,774,000. Aspiring Ventures LLC acquired a new position in CF Bankshares during the 4th quarter worth $469,000. Dimensional Fund Advisors LP lifted its position in CF Bankshares by 9.4% during the 2nd 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. Finally, De Lisle Partners LLP lifted its position in CF Bankshares by 10.4% during the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after acquiring an additional 4,843 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors.

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.