Insider Selling: CF Bankshares Inc. (NASDAQ:CFBK) CEO Sells 20,522 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell sold 20,522 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $26.54, for a total transaction of $544,653.88. Following the completion of the sale, the chief executive officer now owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

CF Bankshares Stock Up 2.4 %

NASDAQ CFBK traded up $0.63 during trading on Tuesday, hitting $26.96. The company’s stock had a trading volume of 26,958 shares, compared to its average volume of 7,917. CF Bankshares Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $31.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $138.20 million, a PE ratio of 12.97 and a beta of 0.55. The business’s 50 day simple moving average is $26.41 and its 200-day simple moving average is $22.68.

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

CF Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

Hedge Funds Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in CF Bankshares by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock worth $474,000 after acquiring an additional 2,172 shares during the period. Geode Capital Management LLC increased its holdings in shares of CF Bankshares by 72.3% during the 3rd 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 in the last quarter. De Lisle Partners LLP lifted its stake in shares of CF Bankshares by 10.4% in the 3rd 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. Finally, Graham Capital Wealth Management LLC acquired a new stake in CF Bankshares during the second quarter valued at $2,774,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on CF Bankshares in a report on Tuesday, November 12th. They set a “hold” rating for the company.

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.