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

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 34,700 shares, an increase of 350.6% from the December 15th 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 company’s stock are sold short.

Insider Buying and Selling at CF Bankshares

In related news, CEO Timothy T. O’dell sold 20,522 shares of CF Bankshares stock in a transaction 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 owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 23,297 shares of company stock valued at $621,211. Corporate insiders own 19.70% of the company’s stock.

Institutional Trading of CF Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted 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 worth $808,000 after buying an additional 15,658 shares in the last quarter. Graham Capital Wealth Management LLC bought a new stake in CF Bankshares during the 2nd quarter worth approximately $2,774,000. Dimensional Fund Advisors LP lifted its stake in CF Bankshares by 9.4% in the 2nd 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. Finally, De Lisle Partners LLP boosted its holdings in 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 period. Institutional investors own 41.06% of the company’s stock.

CF Bankshares Stock Performance

NASDAQ:CFBK traded down $0.10 during trading on Monday, reaching $21.57. The company’s stock had a trading volume of 19,849 shares, compared to its average volume of 39,293. The firm has a market cap of $110.57 million, a price-to-earnings ratio of 10.63 and a beta of 0.57. CF Bankshares has a 12 month low of $16.92 and a 12 month high of $31.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average of $26.53 and a 200-day moving average of $23.35.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly 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 company had revenue of $31.60 million during the quarter. During the same quarter in the previous year, the business earned $0.62 EPS.

CF Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 16th will be paid a $0.07 dividend. The ex-dividend date is Thursday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.30%. CF Bankshares’s payout ratio is 13.79%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of CF Bankshares in a report on Tuesday, November 12th. They set a “hold” rating on the stock.

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.