Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Decreases By 9.1%

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, a decline of 9.1% from the August 15th total of 2,200 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

CF Bankshares Price Performance

NASDAQ CFBK traded up $0.59 during trading hours on Tuesday, reaching $22.25. The company’s stock had a trading volume of 7,508 shares, compared to its average volume of 4,196. The firm has a market capitalization of $114.03 million, a price-to-earnings ratio of 9.06 and a beta of 0.56. The company’s 50-day moving average is $21.10 and its two-hundred day moving average is $19.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.15. CF Bankshares has a 1-year low of $14.69 and a 1-year high of $22.68.

CF Bankshares (NASDAQ:CFBK) last announced its earnings results on Tuesday, August 6th. The savings and loans company reported $0.26 earnings per share for the quarter. CF Bankshares had a return on equity of 8.35% and a net margin of 10.79%. The business had revenue of $12.59 million during the quarter.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, July 11th. CF Bankshares’s payout ratio is 10.00%.

Institutional Trading of CF Bankshares

Several institutional investors have recently modified their holdings of CFBK. Kennedy Capital Management LLC acquired a new stake in CF Bankshares in the 1st quarter worth about $619,000. Dimensional Fund Advisors LP lifted 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 valued at $474,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of CF Bankshares in the second quarter worth approximately $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s 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.