CF Bankshares (NASDAQ:CFBK) Posts Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.68 earnings per share for the quarter, Zacks reports. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%.

CF Bankshares Trading Down 1.8 %

Shares of NASDAQ:CFBK traded down $0.45 during mid-day trading on Friday, reaching $24.55. 1,467 shares of the company were exchanged, compared to its average volume of 20,161. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $125.94 million, a price-to-earnings ratio of 12.09 and a beta of 0.57. The firm’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $24.00. CF Bankshares has a 1 year low of $16.92 and a 1 year high of $31.17.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 16th were given 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 1.14%. CF Bankshares’s payout ratio is currently 13.79%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other CF Bankshares 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 transaction of $544,653.88. Following the sale, the chief executive officer now directly owns 292,621 shares in the company, valued at $7,766,161.34. This represents a 6.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.70% of the stock is currently owned by corporate insiders.

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.