Bradley Ringwald Purchases 1,000 Shares of CF Bankshares (NASDAQ:CFBK) Stock

CF Bankshares Inc. (NASDAQ:CFBK) insider Bradley Ringwald acquired 1,000 shares of CF Bankshares stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $24.07 per share, for a total transaction of $24,070.00. Following the completion of the transaction, the insider owned 29,399 shares in the company, valued at approximately $707,633.93. This trade represents a 3.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CF Bankshares Trading Up 6.5%

NASDAQ:CFBK opened at $25.95 on Thursday. The company has a 50-day moving average price of $23.52 and a 200-day moving average price of $23.92. The stock has a market cap of $165.30 million, a price-to-earnings ratio of 10.42 and a beta of 0.47. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65. CF Bankshares Inc. has a 12 month low of $19.22 and a 12 month high of $26.60.

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

CF Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Monday, October 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, October 10th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.85%.

Analysts Set New Price Targets

CFBK has been the topic of several recent research reports. Weiss Ratings cut CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wall Street Zen downgraded shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research lowered shares of CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.00.

Institutional Investors Weigh In On CF Bankshares

A number of institutional investors have recently modified their holdings of CFBK. NewEdge Advisors LLC purchased a new position in shares of CF Bankshares in the 3rd quarter worth about $321,000. Millennium Management LLC purchased a new position in CF Bankshares in the third quarter worth about $460,000. Citadel Advisors LLC lifted its stake in shares of CF Bankshares by 182.7% in the third quarter. Citadel Advisors LLC now owns 24,888 shares of the savings and loans company’s stock worth $596,000 after buying an additional 16,085 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of CF Bankshares by 96.5% in the third quarter. Bank of America Corp DE now owns 3,398 shares of the savings and loans company’s stock worth $81,000 after buying an additional 1,669 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 24,775 shares during the last quarter. 41.06% of the stock is owned by hedge funds and other institutional investors.

About CF Bankshares

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.