Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Declines By 21.2%

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 14,500 shares, a drop of 21.2% from the October 15th total of 18,400 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the company’s stock are sold short.

CF Bankshares Price Performance

Shares of NASDAQ CFBK traded down $0.42 during midday trading on Friday, hitting $27.30. 13,742 shares of the company’s stock were exchanged, compared to its average volume of 6,041. CF Bankshares has a 12-month low of $16.00 and a 12-month high of $31.17. The business’s fifty day moving average price is $23.85 and its two-hundred day moving average price is $21.31. The company has a market cap of $140.05 million, a price-to-earnings ratio of 13.44 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95.

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 (EPS) for the quarter. The company had revenue of $31.60 million during the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.29%. During the same period last year, the company posted $0.62 EPS.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, October 11th. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio is currently 13.79%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. 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 buying an additional 2,172 shares during the period. Kennedy Capital Management LLC bought a new stake in CF Bankshares during the 1st quarter valued at approximately $619,000. Geode Capital Management LLC grew its holdings in shares of 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 worth $808,000 after acquiring an additional 15,658 shares during the period. De Lisle Partners LLP raised its position in shares of CF Bankshares by 10.4% in the 3rd 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 in the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new position in shares of CF Bankshares in the 2nd quarter valued at approximately $2,774,000. 41.06% of the stock is currently owned by institutional investors.

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.