Insider Selling: CF Bankshares Inc. (NASDAQ:CFBK) CEO Sells 2,278 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell sold 2,278 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $27.28, for a total value of $62,143.84. Following the completion of the sale, the chief executive officer now directly owns 313,143 shares in the company, valued at $8,542,541.04. This trade represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CF Bankshares Stock Up 2.4 %

Shares of NASDAQ:CFBK traded up $0.63 during trading on Tuesday, reaching $26.96. 26,958 shares of the stock traded hands, compared to its average volume of 7,917. The stock has a market cap of $138.20 million, a P/E ratio of 13.28 and a beta of 0.55. The stock has a 50-day moving average of $26.41 and a two-hundred day moving average of $22.68. CF Bankshares Inc. has a 52-week low of $16.92 and a 52-week high of $31.17. 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 (NASDAQ:CFBK) last released its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 EPS for the quarter. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%. The company had revenue of $31.60 million during the quarter. During the same quarter in the previous year, the business 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. Stockholders of record on Friday, October 11th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, October 11th. CF Bankshares’s payout ratio is presently 13.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC grew its position in CF Bankshares by 0.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock worth $3,221,000 after purchasing an additional 923 shares during the period. De Lisle Partners LLP boosted its stake in shares of CF Bankshares by 10.4% in the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after buying an additional 4,843 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock worth $808,000 after acquiring an additional 15,658 shares during the period. Finally, 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 valued at $474,000 after acquiring an additional 2,172 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They issued 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.