CF Bankshares (NASDAQ:CFBK) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

CF Bankshares Inc. (NASDAQ:CFBK)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.37 and traded as low as $21.84. CF Bankshares shares last traded at $22.04, with a volume of 14,907 shares.

CF Bankshares Stock Down 0.4 %

The firm has a market cap of $112.04 million, a price-to-earnings ratio of 10.59 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $23.42 and a 200-day moving average price of $24.36.

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

CF Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were issued a $0.07 dividend. The ex-dividend date was Thursday, January 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.28%. CF Bankshares’s dividend payout ratio (DPR) is presently 13.59%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Rhino Investment Partners Inc purchased a new stake in CF Bankshares during the fourth quarter valued at about $5,557,000. Truffle Hound Capital LLC acquired a new stake in CF Bankshares during the 4th quarter worth approximately $2,043,000. Kennedy Capital Management LLC increased its position in CF Bankshares by 17.0% during the 4th quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company’s stock worth $1,111,000 after purchasing an additional 6,309 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 buying an additional 1,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in CF Bankshares by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company’s stock valued at $733,000 after buying an additional 2,961 shares in the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

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.