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

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 101,905 shares, an increase of 68.7% from the July 15th total of 60,402 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 77,789 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of CF Bankshares

A number of large investors have recently made changes to their positions in CFBK. Goldman Sachs Group Inc. lifted its holdings in CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock worth $463,000 after buying an additional 4,910 shares during the last quarter. Jane Street Group LLC purchased a new stake in CF Bankshares during the first quarter worth approximately $263,000. Geode Capital Management LLC boosted its holdings in CF Bankshares by 108.4% in the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after purchasing an additional 44,963 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in CF Bankshares in the second quarter valued at approximately $44,000. Finally, New York State Common Retirement Fund acquired a new stake in CF Bankshares during the second quarter worth approximately $103,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Bankshares Trading Down 0.4%

CFBK traded down $0.13 during trading hours on Monday, reaching $35.92. The company’s stock had a trading volume of 26,826 shares, compared to its average volume of 56,057. CF Bankshares has a fifty-two week low of $22.10 and a fifty-two week high of $36.94. The stock has a market cap of $230.61 million, a PE ratio of 12.34 and a beta of 0.39. The business’s 50-day moving average is $32.79 and its 200-day moving average is $30.45. 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 (NASDAQ:CFBK) last posted its earnings results 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. The company had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. As a group, equities research analysts predict that CF Bankshares will post 3.56 earnings per share for the current fiscal year.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.37%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CFBK. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 target price (up from $36.00) on shares of CF Bankshares in a report on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of CF Bankshares in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CF Bankshares has an average rating of “Moderate Buy” and an average target price of $40.00.

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.