Insider Buying: CF Bankshares Inc. (NASDAQ:CFBK) Director Buys 1,000 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Robert E. Hoeweler bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $21.80 per share, with a total value of $21,800.00. Following the purchase, the director now directly owns 66,062 shares of the company’s stock, valued at $1,440,151.60. This trade represents a 1.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

CF Bankshares Trading Down 1.8 %

Shares of CFBK stock traded down $0.40 during trading hours on Thursday, hitting $21.67. 15,002 shares of the company were exchanged, compared to its average volume of 11,360. The company has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $24.30. The firm has a market cap of $111.08 million, a P/E ratio of 10.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. CF Bankshares Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $31.17.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share 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 company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 16th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s dividend payout ratio is currently 13.59%.

Institutional Trading of CF Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cutter & CO Brokerage Inc. acquired a new position in shares of CF Bankshares during the fourth quarter valued at about $219,000. Citadel Advisors LLC acquired a new position in CF Bankshares during the 4th quarter valued at about $251,000. 683 Capital Management LLC acquired a new position in CF Bankshares during the 4th quarter valued at about $340,000. Millennium Management LLC purchased a new stake in shares of CF Bankshares in the fourth quarter worth approximately $395,000. Finally, Aspiring Ventures LLC purchased a new position in shares of CF Bankshares during the fourth quarter valued at approximately $469,000. 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.