Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Rises By 350.6%

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

Insiders Place Their Bets

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $26.54, for a total transaction of $544,653.88. Following the sale, the chief executive officer now directly owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This trade represents a 6.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 23,297 shares of company stock valued at $621,211. Company insiders own 19.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Aspiring Ventures LLC purchased a new position in CF Bankshares in the 4th quarter worth approximately $469,000. Dimensional Fund Advisors LP increased its holdings in shares of CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after buying an additional 2,172 shares during the last quarter. Salzhauer Michael increased its holdings in shares of CF Bankshares by 4.6% during the 4th quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company’s stock worth $684,000 after buying an additional 1,189 shares during the last quarter. Geode Capital Management LLC increased 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 buying an additional 15,658 shares during the last quarter. Finally, De Lisle Partners LLP increased its holdings 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 worth $1,120,000 after buying an additional 4,843 shares during the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

CF Bankshares Trading Down 0.0 %

Shares of CF Bankshares stock opened at $24.06 on Wednesday. The firm has a market capitalization of $123.41 million, a PE ratio of 12.27 and a beta of 0.57. CF Bankshares has a twelve month low of $16.92 and a twelve month high of $31.17. The firm’s 50-day moving average price is $25.41 and its 200 day moving average price is $23.70. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The firm had revenue of $31.60 million for the quarter. During the same period in the prior year, the business posted $0.62 earnings per share.

CF Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s dividend payout ratio (DPR) is 13.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They set a “hold” rating on the 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.