Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Decreases By 33.7%

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 54,204 shares, a decrease of 33.7% from the January 29th total of 81,808 shares. Based on an average daily volume of 79,543 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.1% of the shares of the stock are sold short. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 79,543 shares, the days-to-cover ratio is presently 0.7 days.

CF Bankshares Stock Down 2.3%

Shares of NASDAQ:CFBK opened at $30.22 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $34.33. The company has a 50-day moving average price of $28.78 and a 200 day moving average price of $25.69. The company has a market cap of $192.50 million, a price-to-earnings ratio of 11.23 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The company had revenue of $10.54 million during the quarter, compared to analyst estimates of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.87%.

CF Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, January 15th. This is an increase from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s dividend payout ratio (DPR) is presently 13.38%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CFBK shares. Wall Street Zen cut shares of CF Bankshares from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of CF Bankshares in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Institutional Trading of CF Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC bought a new position in shares of CF Bankshares in the third quarter worth about $29,000. Russell Investments Group Ltd. purchased a new stake in CF Bankshares in the 3rd quarter valued at about $29,000. Bank of America Corp DE grew its stake in CF Bankshares by 1,305.7% in the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 1,606 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CF Bankshares during the second quarter worth approximately $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of CF Bankshares during the second quarter valued at approximately $50,000. 41.06% of the stock is currently owned by institutional investors.

About CF Bankshares

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.