Insider Selling: CF Bankshares Inc. (NASDAQ:CFBK) Director Sells 497 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Sundeep Rana sold 497 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $29.00, for a total value of $14,413.00. Following the completion of the transaction, the director now owns 459 shares of the company’s stock, valued at $13,311. This trade represents a 51.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CF Bankshares Stock Down 1.6 %

CFBK stock opened at $27.29 on Friday. The company has a market capitalization of $140.00 million, a P/E ratio of 13.44 and a beta of 0.53. CF Bankshares Inc. has a 12 month low of $16.00 and a 12 month high of $31.17. The firm’s fifty day simple moving average is $23.85 and its 200-day simple moving average is $21.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 1.15.

CF Bankshares (NASDAQ:CFBK) last posted its earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $31.60 million during the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.29%. During the same quarter in the prior year, the firm earned $0.62 earnings per share.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were paid a $0.07 dividend. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.03%. CF Bankshares’s dividend payout ratio is presently 13.79%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CFBK. Graham Capital Wealth Management LLC boosted its position in CF Bankshares by 0.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock worth $3,221,000 after purchasing an additional 923 shares in the last quarter. De Lisle Partners LLP lifted its stake in shares of CF Bankshares by 10.4% in the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $808,000 after buying an additional 15,658 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in CF Bankshares during the first quarter valued at $619,000. Finally, Dimensional Fund Advisors LP increased its holdings in CF Bankshares by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after buying an additional 2,172 shares in the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on CF Bankshares in a research note on Tuesday. They issued a “hold” rating for the company.

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.