CF Bankshares Inc. (CFBK) To Go Ex-Dividend on January 16th

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Investors of record on Thursday, January 16th will be given a dividend of 0.07 per share by the savings and loans company on Monday, January 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, January 16th.

CF Bankshares has raised its dividend payment by an average of 24.4% annually over the last three years.

CF Bankshares Stock Down 3.8 %

Shares of CFBK opened at $22.90 on Thursday. The firm has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $23.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. CF Bankshares has a one year low of $16.92 and a one year high of $31.17. The company has a market cap of $117.39 million, a P/E ratio of 11.28 and a beta of 0.57.

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

Insiders Place Their Bets

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $26.54, for a total value 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 trade represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 23,297 shares of company stock worth $621,211. 19.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

About CF Bankshares

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.