CF Bankshares Inc. (NASDAQ:CFBK) to Issue Quarterly Dividend of $0.07

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Shareholders of record on Thursday, January 16th will be paid a dividend of 0.07 per share by the savings and loans company on Monday, January 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, January 16th.

CF Bankshares has raised its dividend payment by an average of 24.4% per year over the last three years.

CF Bankshares Trading Down 4.1 %

Shares of NASDAQ CFBK traded down $1.02 during trading hours on Tuesday, hitting $23.81. 24,694 shares of the company traded hands, compared to its average volume of 45,424. The company’s 50 day moving average price is $26.72 and its 200 day moving average price is $23.23. CF Bankshares has a 12 month low of $16.92 and a 12 month high of $31.17. The stock has a market capitalization of $122.15 million, a price-to-earnings ratio of 11.73 and a beta of 0.55. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They set a “hold” rating on the stock.

Insider Activity at CF Bankshares

In other news, CEO Timothy T. O’dell sold 2,278 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $27.28, for a total transaction of $62,143.84. Following the sale, the chief executive officer now owns 313,143 shares of the company’s stock, valued at $8,542,541.04. This trade represents a 0.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 23,297 shares of company stock worth $621,211 over the last three months. Company insiders own 19.70% of the company’s 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.