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

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 83,688 shares, a growth of 34.3% from the December 15th total of 62,335 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 85,791 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 85,791 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.7% of the company’s stock are short sold.

Institutional Trading of CF Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in CFBK. CWM LLC bought a new position in shares of CF Bankshares during the third quarter valued at about $29,000. Russell Investments Group Ltd. purchased a new stake in CF Bankshares in the 3rd quarter valued at about $29,000. Bank of America Corp DE lifted its position in shares of CF Bankshares by 1,305.7% during the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of CF Bankshares during the 2nd quarter worth approximately $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of CF Bankshares in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 41.06% of the company’s stock.

CF Bankshares Trading Down 0.7%

NASDAQ:CFBK opened at $27.94 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14. CF Bankshares has a one year low of $19.22 and a one year high of $28.21. The company has a market cap of $177.98 million, a PE ratio of 11.22 and a beta of 0.43. The firm has a 50-day moving average of $24.69 and a 200-day moving average of $24.29.

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). The company had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.88 million. CF Bankshares had a net margin of 12.78% and a return on equity of 9.23%.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.09 per share. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.3%. CF Bankshares’s dividend payout ratio (DPR) is 14.46%.

Analyst Upgrades and Downgrades

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

CF Bankshares Company Profile

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.