CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Drop in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 81,808 shares, a drop of 16.2% from the January 15th total of 97,677 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 43,868 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 43,868 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen lowered CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Bankshares in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.00.

CF Bankshares Trading Up 0.8%

CF Bankshares stock opened at $31.81 on Tuesday. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $34.33. The company has a market capitalization of $202.63 million, a price-to-earnings ratio of 11.83 and a beta of 0.42. The business’s fifty day simple moving average is $27.64 and its two-hundred day simple moving average is $25.25. 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 (NASDAQ:CFBK) last posted its quarterly earnings results on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. CF Bankshares had a return on equity of 9.87% and a net margin of 13.82%.The firm had revenue of $10.54 million during the quarter, compared to analyst estimates of $15.94 million.

CF Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Thursday, January 15th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, January 15th. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. CF Bankshares’s dividend payout ratio is currently 13.38%.

Hedge Funds Weigh In On CF Bankshares

Hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. purchased a new stake in CF Bankshares during the 4th quarter valued at $227,000. Barclays PLC lifted its holdings in shares of CF Bankshares by 41.1% during the fourth quarter. Barclays PLC now owns 36,875 shares of the savings and loans company’s stock valued at $920,000 after purchasing an additional 10,744 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of CF Bankshares during the fourth quarter valued at $91,000. Fourthstone LLC boosted its position in shares of CF Bankshares by 6.4% during the fourth quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock valued at $15,832,000 after buying an additional 38,259 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in CF Bankshares by 16.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,025 shares of the savings and loans company’s stock worth $350,000 after buying an additional 1,978 shares in the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

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.