CF Bankshares (NASDAQ:CFBK) Releases Earnings Results

CF Bankshares (NASDAQ:CFBK) announced its quarterly earnings data on Wednesday. The savings and loans company reported $0.68 earnings per share for the quarter, Zacks reports. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%.

CF Bankshares Stock Performance

CF Bankshares stock traded down $0.45 during midday trading on Friday, hitting $24.55. 1,467 shares of the company’s stock were exchanged, compared to its average volume of 20,161. CF Bankshares has a 12-month low of $16.92 and a 12-month high of $31.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $125.94 million, a price-to-earnings ratio of 12.09 and a beta of 0.57. The firm’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $24.00.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s payout ratio is currently 13.79%.

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 on Monday, December 16th. The shares were sold at an average price of $26.54, for a total transaction of $544,653.88. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 19.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of CF Bankshares in a report on Tuesday, November 12th. They issued 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.