CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Up 350.6% in December

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 34,700 shares, a growth of 350.6% from the December 15th total of 7,700 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $26.54, for a total transaction of $544,653.88. Following the sale, the chief executive officer now owns 292,621 shares in the company, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 23,297 shares of company stock worth $621,211 in the last three months. Corporate insiders own 19.70% of the company’s stock.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds have recently modified their holdings of CFBK. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 2,172 shares during the period. Graham Capital Wealth Management LLC purchased a new position in shares of CF Bankshares in the 2nd quarter worth $2,774,000. De Lisle Partners LLP boosted its holdings in CF Bankshares by 10.4% in the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after acquiring an additional 4,843 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in CF Bankshares by 72.3% during the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after acquiring an additional 15,658 shares during the period. 41.06% of the stock is owned by institutional investors and hedge funds.

CF Bankshares Trading Down 0.4 %

NASDAQ CFBK traded down $0.08 during mid-day trading on Tuesday, reaching $21.49. 22,219 shares of the stock were exchanged, compared to its average volume of 36,919. The stock has a market capitalization of $110.16 million, a PE ratio of 10.59 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. CF Bankshares has a 1-year low of $16.92 and a 1-year high of $31.17. The business’s fifty day simple moving average is $26.44 and its 200 day simple moving average is $23.37.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.20% and a net margin of 10.63%. The business had revenue of $31.60 million for the quarter. During the same quarter last year, the business earned $0.62 EPS.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, January 16th. CF Bankshares’s dividend payout ratio is currently 13.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on CF Bankshares in a research report on Tuesday, November 12th. They set a “hold” rating for the company.

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.