Central Federal (NASDAQ:CFBK) Stock Passes Above 50-Day Moving Average of $12.05

Central Federal Co. (NASDAQ:CFBK)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.05 and traded as high as $12.11. Central Federal shares last traded at $12.11, with a volume of 100 shares.

The company has a market capitalization of $54.12 million, a P/E ratio of 7.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.10 and a quick ratio of 1.01. The company has a fifty day moving average price of $12.06 and a two-hundred day moving average price of $12.26.

Central Federal (NASDAQ:CFBK) last announced its earnings results on Monday, August 12th. The savings and loans company reported $0.55 EPS for the quarter. Central Federal had a return on equity of 13.45% and a net margin of 17.47%. The business had revenue of $7.79 million for the quarter.

A number of hedge funds have recently made changes to their positions in CFBK. Calamos Wealth Management LLC bought a new stake in Central Federal in the second quarter valued at approximately $143,000. Cutter & CO Brokerage Inc. acquired a new position in Central Federal in the second quarter valued at approximately $134,000. Almanack Investment Partners LLC. acquired a new position in Central Federal in the second quarter valued at approximately $109,000. Acadian Asset Management LLC acquired a new position in Central Federal in the second quarter valued at approximately $26,000. Finally, BlackRock Inc. lifted its stake in Central Federal by 13.6% in the second quarter. BlackRock Inc. now owns 13,860 shares of the savings and loans company’s stock valued at $167,000 after buying an additional 1,663 shares during the period. Institutional investors and hedge funds own 22.85% of the company’s stock.

Central Federal Company Profile (NASDAQ:CFBK)

Central Federal Corporation 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, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits, as well as other loans.

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