CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 101,905 shares, an increase of 68.7% from the July 15th total of 60,402 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 77,789 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On CF Bankshares

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in CF Bankshares during the 2nd quarter worth $563,000. Corient Private Wealth LP acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at about $387,000. Bank of America Corp DE acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at about $692,000. Man Group plc bought a new position in shares of CF Bankshares during the second quarter worth about $418,000. Finally, Hsbc Holdings PLC bought a new position in shares of CF Bankshares during the second quarter worth about $910,000. 41.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFBK has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

CF Bankshares Stock Down 0.6%

NASDAQ CFBK opened at $35.70 on Wednesday. The stock has a market cap of $229.19 million, a PE ratio of 12.27 and a beta of 0.39. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $36.94. The business has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $30.55. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.59.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. The company had revenue of $16.55 million during the quarter, compared to analysts’ expectations of $16.30 million. As a group, sell-side analysts predict that CF Bankshares will post 3.56 EPS for the current fiscal year.

CF Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares’s dividend payout ratio (DPR) is 12.37%.

About CF Bankshares

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.