CF Bankshares (NASDAQ:CFBK) Director Acquires $23,870.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Robert Hoeweler bought 1,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of $23.87 per share, for a total transaction of $23,870.00. Following the completion of the transaction, the director owned 72,062 shares of the company’s stock, valued at $1,720,119.94. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CF Bankshares Trading Up 2.4%

CF Bankshares stock traded up $0.57 during midday trading on Tuesday, reaching $24.50. The stock had a trading volume of 369,845 shares, compared to its average volume of 24,902. CF Bankshares Inc. has a twelve month low of $19.22 and a twelve month high of $26.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $156.03 million, a price-to-earnings ratio of 9.84 and a beta of 0.47. The firm’s fifty day simple moving average is $23.48 and its two-hundred day simple moving average is $23.91.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings results on Monday, November 3rd. The savings and loans company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.48). The business had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.88 million. CF Bankshares had a net margin of 12.78% and a return on equity of 9.23%.

CF Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Monday, October 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, October 10th. CF Bankshares’s dividend payout ratio (DPR) is currently 12.85%.

Institutional Trading of CF Bankshares

Several large investors have recently made changes to their positions in CFBK. Fourthstone LLC increased its holdings in shares of CF Bankshares by 450.2% during the 2nd quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company’s stock valued at $10,096,000 after acquiring an additional 344,642 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in CF Bankshares during the third quarter worth approximately $1,330,000. Geode Capital Management LLC boosted its position in CF Bankshares by 108.4% during the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock worth $2,072,000 after purchasing an additional 44,963 shares during the period. Alliancebernstein L.P. grew its holdings in CF Bankshares by 5.7% during the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock valued at $11,071,000 after purchasing an additional 24,775 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of CF Bankshares in the third quarter valued at approximately $460,000. Institutional investors own 41.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research lowered shares of CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings lowered CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Wall Street Zen downgraded CF Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.

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.