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

CF Bankshares Inc. (NASDAQ:CFBK) saw a large growth in short interest during 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. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is presently 1.5 days.

CF Bankshares Trading Down 0.0 %

Shares of NASDAQ CFBK opened at $24.06 on Wednesday. The business’s 50 day moving average is $25.41 and its two-hundred day moving average is $23.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. CF Bankshares has a 1-year low of $16.92 and a 1-year high of $31.17. The stock has a market capitalization of $123.41 million, a P/E ratio of 12.27 and a beta of 0.57.

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

CF Bankshares Announces Dividend

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

Insider Buying and Selling

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction on 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 in the company, 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 SEC, which is accessible through this hyperlink. Insiders have sold 23,297 shares of company stock worth $621,211 in the last 90 days. Insiders own 19.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CFBK. Aspiring Ventures LLC purchased a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $469,000. Dimensional Fund Advisors LP boosted its holdings in shares of CF Bankshares by 9.4% in 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 purchasing an additional 2,172 shares during the period. Salzhauer Michael boosted its holdings in shares of CF Bankshares by 4.6% in the fourth quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company’s stock valued at $684,000 after purchasing an additional 1,189 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after purchasing an additional 15,658 shares during the period. Finally, De Lisle Partners LLP boosted its holdings in shares of CF Bankshares by 10.4% in the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares during the period. Institutional investors own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on CF Bankshares in a report 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.