CF Bankshares (NASDAQ:CFBK) COO Sells $14,144.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) COO Marianne Mckinney sold 400 shares of CF Bankshares stock in a transaction on Friday, September 11th. The shares were sold at an average price of $35.36, for a total transaction of $14,144.00. Following the completion of the transaction, the chief operating officer directly owned 14,219 shares in the company, valued at $502,783.84. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CF Bankshares Stock Down 1.3%

Shares of NASDAQ:CFBK opened at $34.86 on Thursday. The stock has a market cap of $223.80 million, a P/E ratio of 11.98 and a beta of 0.38. The firm has a fifty day moving average price of $34.68 and a 200 day moving average price of $31.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.14 and a quick ratio of 1.13. CF Bankshares Inc. has a 1-year low of $22.10 and a 1-year high of $38.11.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.90 EPS 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 for the quarter, compared to analyst estimates of $16.30 million. Sell-side analysts predict that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Dividend Announcement

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

Hedge Funds Weigh In On CF Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFBK. Deutsche Bank AG acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at approximately $164,000. Balanced Wealth Group LLC acquired a new position in CF Bankshares during the second quarter worth $232,000. Corient Private Wealth LP acquired a new position in CF Bankshares during the second quarter worth $387,000. Walleye Capital LLC purchased a new position in CF Bankshares in the second quarter worth $399,000. Finally, Bank of New York Mellon Corp raised its position in CF Bankshares by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 14,578 shares of the savings and loans company’s stock worth $407,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday, September 9th. Piper Sandler reissued an “overweight” rating and issued a $40.00 target price (up from $36.00) on shares of CF Bankshares in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CF Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

CF Bankshares Company Profile

CF Bankshares Inc is the bank holding company for CFBank, a nationally chartered community bank headquartered in Columbus, Ohio. Through CFBank, the company provides banking services to individuals, businesses and commercial real estate clients.

CFBank’s products and services include checking and savings accounts, certificates of deposit, commercial and residential real estate lending, construction loans, business loans, consumer loans and mortgage banking. The bank also offers treasury management and other deposit and cash-management services designed to support business customers.

CFBank primarily serves customers in Ohio, with a focus on the Columbus and surrounding central Ohio markets as well as other communities served through its banking offices and lending operations.