CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 101,905 shares, a growth of 68.7% from the July 15th total of 60,402 shares. Based on an average trading volume of 77,789 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

CFBK has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reiterated an “overweight” rating and set a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

CF Bankshares Price Performance

Shares of NASDAQ CFBK traded down $0.40 during trading on Tuesday, reaching $35.52. The company had a trading volume of 23,896 shares, compared to its average volume of 55,850. CF Bankshares has a 52 week low of $22.10 and a 52 week high of $36.94. The business’s 50 day moving average price is $32.91 and its 200-day moving average price is $30.50. The stock has a market cap of $227.93 million, a PE ratio of 12.21 and a beta of 0.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.14.

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

CF Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.37%.

Institutional Trading of CF Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFBK. Empowered Funds LLC acquired a new stake in CF Bankshares during the 2nd quarter worth $563,000. Corient Private Wealth LP acquired a new position in shares of CF Bankshares in the 2nd quarter valued at $387,000. Bank of America Corp DE acquired a new position in shares of CF Bankshares in the 2nd quarter valued at $692,000. Man Group plc bought a new position in shares of CF Bankshares in the 2nd quarter worth $418,000. Finally, Hsbc Holdings PLC bought a new position in shares of CF Bankshares in the 2nd quarter worth $910,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

CF Bankshares Company Profile

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.