CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana Sells 497 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $29.00, for a total transaction of $14,413.00. Following the transaction, the director now directly owns 459 shares in the company, valued at approximately $13,311. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CF Bankshares Stock Performance

Shares of CFBK opened at $28.25 on Thursday. The firm has a market capitalization of $144.84 million, a P/E ratio of 13.92 and a beta of 0.53. CF Bankshares Inc. has a 52 week low of $16.00 and a 52 week high of $31.17. The stock has a 50 day moving average price of $23.60 and a two-hundred day moving average price of $21.21. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.15.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.29% and a net margin of 10.63%. The business had revenue of $31.60 million during the quarter. During the same quarter last year, the company posted $0.62 EPS.

CF Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Shareholders of record on Friday, October 11th were paid a $0.07 dividend. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. This represents a $0.28 annualized dividend and a yield of 0.99%. CF Bankshares’s dividend payout ratio (DPR) is 13.79%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of CF Bankshares in a report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of CFBK. Dimensional Fund Advisors LP increased its position in shares of 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. Kennedy Capital Management LLC bought a new position in CF Bankshares in the 1st quarter valued at $619,000. De Lisle Partners LLP increased its position in shares of CF Bankshares by 10.4% during the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of CF Bankshares during the 2nd quarter worth $2,774,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

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.