CF Bankshares (NASDAQ:CFBK) COO Marianne Mckinney Sells 400 Shares

CF Bankshares Inc. (NASDAQ:CFBK) COO Marianne Mckinney sold 400 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $35.36, for a total value of $14,144.00. Following the completion of the sale, the chief operating officer owned 14,219 shares in the company, valued at approximately $502,783.84. This represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CF Bankshares Price Performance

NASDAQ:CFBK opened at $35.29 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $226.56 million, a price-to-earnings ratio of 12.13 and a beta of 0.38. The company has a 50 day moving average price of $34.53 and a 200-day moving average price of $31.04. CF Bankshares Inc. has a 1-year low of $22.10 and a 1-year high of $38.11.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $16.55 million for the quarter, compared to the consensus estimate of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. Equities research analysts forecast that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Dividend Announcement

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

Institutional Trading of CF Bankshares

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in CF Bankshares during the second quarter worth about $12,378,000. Rhino Investment Partners Inc acquired a new position in shares of CF Bankshares during the 1st quarter worth approximately $3,499,000. Renaissance Technologies LLC boosted its holdings in shares of CF Bankshares by 9.8% during the 1st quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company’s stock worth $2,637,000 after purchasing an additional 8,400 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of CF Bankshares by 48.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after purchasing an additional 30,045 shares in the last quarter. Finally, De Lisle Partners LLP purchased a new stake in shares of CF Bankshares in the second quarter valued at approximately $1,350,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CFBK shares. Piper Sandler restated an “overweight” rating and issued a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CF Bankshares currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

CF Bankshares Company Profile

CF Bankshares Inc is the bank holding company for CFBank, a nationally chartered community bank headquartered in Columbus, Ohio. Through CFBank, the company provides banking services to individuals, businesses and commercial real estate clients.

CFBank’s products and services include checking and savings accounts, certificates of deposit, commercial and residential real estate lending, construction loans, business loans, consumer loans and mortgage banking. The bank also offers treasury management and other deposit and cash-management services designed to support business customers.

CFBank primarily serves customers in Ohio, with a focus on the Columbus and surrounding central Ohio markets as well as other communities served through its banking offices and lending operations.