CF Bankshares (NASDAQ:CFBK) Insider Purchases $24,070.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) insider Bradley Ringwald acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $24.07 per share, with a total value of $24,070.00. Following the acquisition, the insider directly owned 29,399 shares in the company, valued at $707,633.93. This represents a 3.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

CF Bankshares Price Performance

NASDAQ:CFBK opened at $26.39 on Friday. CF Bankshares Inc. has a 52-week low of $19.22 and a 52-week high of $26.56. The company has a market cap of $168.10 million, a P/E ratio of 10.60 and a beta of 0.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $23.57 and its 200 day simple moving average is $23.94.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Monday, November 3rd. The savings and loans company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.48). The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.88 million. CF Bankshares had a net margin of 12.78% and a return on equity of 9.23%.

CF Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Monday, October 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, October 10th. CF Bankshares’s payout ratio is presently 12.85%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research lowered shares of CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings downgraded shares of CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CF Bankshares has an average rating of “Hold” and a consensus target price of $29.00.

Hedge Funds Weigh In On CF Bankshares

Several institutional investors and hedge funds have recently modified their holdings of CFBK. Goldman Sachs Group Inc. grew its stake in CF Bankshares by 30.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock valued at $463,000 after buying an additional 4,910 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of CF Bankshares during the second quarter worth approximately $278,000. Fourthstone LLC grew its position in shares of CF Bankshares by 450.2% in the second quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company’s stock valued at $10,096,000 after purchasing an additional 344,642 shares during the last quarter. Graham Capital Wealth Management LLC increased its stake in shares of CF Bankshares by 0.5% during the second quarter. Graham Capital Wealth Management LLC now owns 145,515 shares of the savings and loans company’s stock worth $3,488,000 after purchasing an additional 698 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of CF Bankshares by 307.8% during the third quarter. BNP Paribas Financial Markets now owns 2,467 shares of the savings and loans company’s stock worth $59,000 after purchasing an additional 1,862 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.