CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 34,700 shares, a growth of 350.6% from the December 15th total of 7,700 shares. Based on an average daily volume of 23,800 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.0% of the shares of the stock are sold short.

Insider Transactions at CF Bankshares

In other news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $26.54, for a total transaction of $544,653.88. Following the transaction, the chief executive officer now directly owns 292,621 shares in the company, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 23,297 shares of company stock valued at $621,211. 19.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFBK. Geode Capital Management LLC increased 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 acquiring an additional 15,658 shares during the period. De Lisle Partners LLP grew its stake in shares of CF Bankshares by 10.4% in the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after purchasing an additional 4,843 shares during the last quarter. Graham Capital Wealth Management LLC increased its holdings in CF Bankshares by 0.6% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock valued at $3,221,000 after purchasing an additional 923 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $474,000 after purchasing an additional 2,172 shares during the period. 41.06% of the stock is currently owned by institutional investors.

CF Bankshares Trading Down 0.5 %

NASDAQ CFBK traded down $0.10 during trading on Monday, hitting $21.57. 19,849 shares of the company’s stock traded hands, compared to its average volume of 39,293. The stock has a fifty day moving average of $26.53 and a two-hundred day moving average of $23.35. CF Bankshares has a 12-month low of $16.92 and a 12-month high of $31.17. The firm has a market cap of $110.57 million, a P/E ratio of 10.63 and a beta of 0.57. 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 (NASDAQ:CFBK) last issued its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%. The company had revenue of $31.60 million during the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share.

CF Bankshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CF Bankshares in a research report on Tuesday, November 12th. They set 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.