CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana Sells 497 Shares

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $29.00, for a total value of $14,413.00. Following the completion of the transaction, the director now owns 459 shares in the company, valued at approximately $13,311. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK opened at $28.25 on Thursday. The company has a 50-day moving average price of $23.60 and a two-hundred day moving average price of $21.21. CF Bankshares Inc. has a twelve month low of $16.00 and a twelve month high of $31.17. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $144.84 million, a PE ratio of 13.92 and a beta of 0.53.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.29%. The business had revenue of $31.60 million during the quarter. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. CF Bankshares’s payout ratio is presently 13.79%.

Institutional Trading of CF Bankshares

A number of institutional investors have recently added to or reduced their stakes in the stock. De Lisle Partners LLP increased its position in shares of CF Bankshares by 10.4% during 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 buying an additional 4,843 shares during the period. Graham Capital Wealth Management LLC grew its stake in CF Bankshares by 0.6% during the third quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock valued at $3,221,000 after acquiring an additional 923 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares during the period. Finally, Kennedy Capital Management LLC purchased a new stake in CF Bankshares in the 1st quarter worth approximately $619,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on CF Bankshares in a research report on Tuesday. They set a “hold” rating on the stock.

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.