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

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 60,088 shares, an increase of 30.3% from the February 26th total of 46,128 shares. Based on an average daily trading volume, of 57,442 shares, the short-interest ratio is presently 1.0 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of CF Bankshares by 72.9% during the fourth quarter. Hsbc Holdings PLC now owns 35,916 shares of the savings and loans company’s stock worth $896,000 after acquiring an additional 15,146 shares in the last quarter. Quadrature Capital Ltd lifted its position in CF Bankshares by 45.3% in the 4th quarter. Quadrature Capital Ltd now owns 31,548 shares of the savings and loans company’s stock valued at $787,000 after acquiring an additional 9,830 shares in the last quarter. Man Group plc bought a new stake in CF Bankshares in the 4th quarter valued at $237,000. First Manhattan CO. LLC. boosted its stake in CF Bankshares by 5.6% in the 4th quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock worth $4,666,000 after purchasing an additional 10,000 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in CF Bankshares by 11.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 35,671 shares of the savings and loans company’s stock worth $890,000 after purchasing an additional 3,642 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

CF Bankshares Trading Down 0.5%

Shares of NASDAQ CFBK traded down $0.15 during midday trading on Monday, reaching $27.86. 2,228 shares of the stock were exchanged, compared to its average volume of 54,563. 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 $179.25 million, a price-to-earnings ratio of 10.36 and a beta of 0.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.14 and a quick ratio of 1.13. The business has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $26.27.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $15.75 million during the quarter, compared to analysts’ expectations of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Thursday, January 15th were issued a dividend of $0.09 per share. This is an increase from CF Bankshares’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.3%. CF Bankshares’s dividend payout ratio is 13.38%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.