Central Federal Co. (NASDAQ:CFBK) Short Interest Up 42.9% in July

Central Federal Co. (NASDAQ:CFBK) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 2,000 shares, a growth of 42.9% from the June 30th total of 1,400 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

In other Central Federal news, Director David L. Royer bought 7,000 shares of Central Federal stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $10.60 per share, for a total transaction of $74,200.00. Following the purchase, the director now owns 14,650 shares in the company, valued at approximately $155,290. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.30% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Horan Securities Inc. acquired a new stake in shares of Central Federal during the 1st quarter valued at approximately $53,000. Summit Financial Strategies Inc. bought a new position in shares of Central Federal in the 2nd quarter worth about $106,000. Eidelman Virant Capital grew its position in shares of Central Federal by 17.0% during the 1st quarter. Eidelman Virant Capital now owns 34,436 shares of the savings and loans company’s stock valued at $362,000 after buying an additional 5,000 shares during the last quarter. First Manhattan Co. grew its holdings in shares of Central Federal by 58.9% during the first quarter. First Manhattan Co. now owns 46,237 shares of the savings and loans company’s stock valued at $486,000 after purchasing an additional 17,147 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Central Federal by 63,388.4% during the 1st quarter. Fifth Third Bancorp now owns 114,914 shares of the savings and loans company’s stock worth $1,209,000 after buying an additional 114,733 shares during the last quarter. Institutional investors own 21.00% of the company’s stock.

Shares of Central Federal stock opened at $10.63 on Friday. The firm has a market cap of $56.52 million, a PE ratio of 3.63 and a beta of 0.76. The firm’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $11.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.05 and a current ratio of 1.20. Central Federal has a 1 year low of $8.44 and a 1 year high of $15.00.

Central Federal (NASDAQ:CFBK) last posted its quarterly earnings results on Wednesday, May 6th. The savings and loans company reported $0.30 EPS for the quarter. Central Federal had a return on equity of 23.92% and a net margin of 25.04%. The business had revenue of $9.57 million during the quarter.

Central Federal Company Profile

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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