CF Bankshares Inc. (NASDAQ:CFBK) Sees Large Growth in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 18,400 shares, an increase of 21.9% from the September 30th total of 15,100 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is currently 3.5 days.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently made changes to their positions in CFBK. Dimensional Fund Advisors LP increased its position in CF Bankshares by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after buying an additional 2,172 shares during the period. Kennedy Capital Management LLC acquired a new position in CF Bankshares during the first quarter worth approximately $619,000. Finally, Graham Capital Wealth Management LLC acquired a new position in CF Bankshares during the second quarter worth approximately $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

CF Bankshares Stock Down 1.6 %

NASDAQ CFBK traded down $0.40 during trading on Wednesday, reaching $25.22. 5,600 shares of the company’s stock were exchanged, compared to its average volume of 5,064. CF Bankshares has a 1 year low of $14.69 and a 1 year high of $27.17. The stock has a market cap of $129.25 million, a P/E ratio of 10.68 and a beta of 0.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $20.56.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Tuesday, August 6th. The savings and loans company reported $0.26 earnings per share for the quarter. CF Bankshares had a return on equity of 8.35% and a net margin of 10.79%. The business had revenue of $12.59 million for the quarter.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, October 11th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio (DPR) is 11.67%.

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.