Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Grows By 350.6%

CF Bankshares Inc. (NASDAQ:CFBK) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 34,700 shares, a growth of 350.6% from the December 31st total of 7,700 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They set a “hold” rating for the company.

Insider Transactions at CF Bankshares

In other news, CEO Timothy T. O’dell sold 20,522 shares of CF Bankshares stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $26.54, for a total value of $544,653.88. Following the completion of the sale, the chief executive officer now directly owns 292,621 shares in the company, valued at approximately $7,766,161.34. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 23,297 shares of company stock worth $621,211. 19.70% of the stock is owned by company insiders.

Institutional Trading of CF Bankshares

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of CF Bankshares by 9.4% in the 2nd 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. Graham Capital Wealth Management LLC bought a new position in shares of CF Bankshares in the second quarter worth approximately $2,774,000. De Lisle Partners LLP increased its stake in shares of CF Bankshares by 10.4% in the third 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 period. Geode Capital Management LLC boosted its position in CF Bankshares by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after buying an additional 15,658 shares during the period. Finally, Aspiring Ventures LLC purchased a new position in shares of CF Bankshares in the fourth quarter valued at about $469,000. 41.06% of the stock is owned by institutional investors.

CF Bankshares Stock Performance

Shares of CFBK stock traded down $0.32 during trading hours on Thursday, hitting $24.57. 3,848 shares of the company were exchanged, compared to its average volume of 26,996. CF Bankshares has a 52-week low of $16.92 and a 52-week high of $31.17. The stock has a market capitalization of $126.04 million, a price-to-earnings ratio of 12.10 and a beta of 0.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $25.37 and a 200 day simple moving average of $23.71.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. The company had revenue of $31.60 million for the quarter. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%. During the same period in the prior year, the business posted $0.62 earnings per share.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 16th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s payout ratio is presently 13.79%.

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.