CF Bankshares Inc. (NASDAQ:CFBK) Director Sells $14,413.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $29.00, for a total value of $14,413.00. Following the completion of the transaction, the director now directly owns 459 shares of the company’s stock, valued at approximately $13,311. This trade represents a 51.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CF Bankshares Price Performance

NASDAQ:CFBK opened at $27.72 on Friday. The company has a 50 day moving average price of $23.73 and a 200-day moving average price of $21.25. CF Bankshares Inc. has a 1-year low of $16.00 and a 1-year high of $31.17. The firm has a market cap of $142.20 million, a price-to-earnings ratio of 13.66 and a beta of 0.53. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.15.

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. CF Bankshares had a net margin of 10.63% and a return on equity of 8.29%. The company had revenue of $31.60 million during the quarter. During the same period in the previous year, the firm posted $0.62 EPS.

CF Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were issued a $0.07 dividend. This is a boost from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. CF Bankshares’s dividend payout ratio is presently 13.79%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on CF Bankshares in a research report on Tuesday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CFBK. Dimensional Fund Advisors LP raised its position 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. Kennedy Capital Management LLC acquired a new stake in shares of CF Bankshares in the first quarter valued at about $619,000. De Lisle Partners LLP increased its stake in shares of CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after purchasing an additional 4,843 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of CF Bankshares during the 2nd quarter worth about $2,774,000. 41.06% of the stock is owned by institutional investors and hedge funds.

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.