CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Increase in Short Interest

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on CF Bankshares in a research report on Tuesday, November 12th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other news, CEO Timothy T. O’dell sold 20,522 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $26.54, for a total value of $544,653.88. Following the completion of the transaction, the chief executive officer now owns 292,621 shares of the company’s stock, valued at $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 23,297 shares of company stock valued at $621,211. 19.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CFBK. Graham Capital Wealth Management LLC lifted its holdings 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 valued at $3,221,000 after purchasing an additional 923 shares in the last quarter. De Lisle Partners LLP boosted its position in 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 worth $1,120,000 after acquiring an additional 4,843 shares during the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 15,658 shares in the last quarter. Salzhauer Michael grew its position in shares of CF Bankshares by 4.6% in the fourth quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company’s stock valued at $684,000 after purchasing an additional 1,189 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CF Bankshares by 9.4% in 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 purchasing an additional 2,172 shares during the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.

CF Bankshares Stock Down 1.3 %

NASDAQ:CFBK traded down $0.32 during mid-day trading on Thursday, reaching $24.57. The company’s stock had a trading volume of 3,848 shares, compared to its average volume of 26,996. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $126.04 million, a PE ratio of 12.10 and a beta of 0.57. CF Bankshares has a 1 year low of $16.92 and a 1 year high of $31.17. The stock has a fifty day moving average of $25.37 and a 200-day moving average of $23.71.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 EPS for the quarter. The firm 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 quarter in the prior year, the company earned $0.62 EPS.

CF Bankshares Dividend Announcement

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

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.