Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Expands By 19.3%

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,500 shares, a growth of 19.3% from the February 28th total of 8,800 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 0.5 days.

CF Bankshares Trading Down 0.9 %

CF Bankshares stock traded down $0.19 during trading on Wednesday, reaching $21.70. The company had a trading volume of 1,549 shares, compared to its average volume of 15,744. 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’s 50 day moving average price is $23.44 and its two-hundred day moving average price is $24.37. The firm has a market capitalization of $111.47 million, a price-to-earnings ratio of 10.53 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.28 annualized dividend and a yield of 1.29%. CF Bankshares’s dividend payout ratio is presently 13.59%.

Hedge Funds Weigh In On CF Bankshares

A number of large investors have recently modified their holdings of CFBK. Millennium Management LLC purchased a new stake in shares of CF Bankshares during the 4th quarter worth about $395,000. Citadel Advisors LLC acquired a new position in CF Bankshares during the fourth quarter valued at approximately $251,000. 683 Capital Management LLC purchased a new stake in CF Bankshares during the fourth quarter worth approximately $340,000. Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares in the fourth quarter worth $5,557,000. Finally, Northern Trust Corp purchased a new position in shares of CF Bankshares in the 4th quarter valued at $486,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

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.