CF Bankshares (NASDAQ:CFBK) Stock Price Passes Below 200-Day Moving Average – What’s Next?

CF Bankshares Inc. (NASDAQ:CFBK)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.32 and traded as low as $22.02. CF Bankshares shares last traded at $22.07, with a volume of 7,104 shares traded.

Analyst Upgrades and Downgrades

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

CF Bankshares Trading Up 2.5 %

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 stock’s 50-day moving average is $23.79 and its two-hundred day moving average is $24.32. The stock has a market cap of $113.13 million, a P/E ratio of 10.71 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Wednesday, February 12th. The savings and loans company reported $0.68 EPS for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.28 annualized dividend and a yield of 1.27%. CF Bankshares’s dividend payout ratio (DPR) is currently 13.59%.

Insider Buying and Selling at CF Bankshares

In other news, CEO Timothy T. O’dell sold 20,522 shares of the 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 sale, the chief executive officer now owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhino Investment Partners Inc purchased a new stake in shares of CF Bankshares in the fourth quarter valued at $5,557,000. Truffle Hound Capital LLC purchased a new stake in shares of CF Bankshares in the fourth quarter valued at $2,043,000. De Lisle Partners LLP raised 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 valued at $1,120,000 after acquiring an additional 4,843 shares during the period. Kennedy Capital Management LLC raised its stake in shares of CF Bankshares by 17.0% in the fourth quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company’s stock valued at $1,111,000 after acquiring an additional 6,309 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of CF Bankshares by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company’s stock valued at $991,000 after acquiring an additional 1,448 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s 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.