Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Drops By 13.4%

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 12,900 shares, a drop of 13.4% from the November 15th total of 14,900 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They issued a “hold” rating for the company.

CF Bankshares Stock Performance

Shares of CFBK stock traded down $0.84 during mid-day trading on Monday, reaching $26.33. The stock had a trading volume of 36,541 shares, compared to its average volume of 7,830. 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 has a 1-year low of $16.92 and a 1-year high of $31.17. The firm has a market cap of $135.07 million, a price-to-earnings ratio of 12.86 and a beta of 0.55. The business’s fifty day moving average is $26.32 and its 200-day moving average is $22.63.

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. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The business had revenue of $31.60 million for the quarter. During the same period in the previous year, the company earned $0.62 earnings per share.

CF Bankshares Increases Dividend

The company also recently declared 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 a boost from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.06%. CF Bankshares’s dividend payout ratio is 13.79%.

Institutional Trading of CF Bankshares

Several hedge funds have recently modified their holdings of CFBK. Graham Capital Wealth Management LLC acquired a new stake in shares of CF Bankshares in the 2nd quarter valued at $2,774,000. Geode Capital Management LLC grew its position in CF Bankshares by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock worth $808,000 after purchasing an additional 15,658 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after buying an additional 4,843 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in CF Bankshares by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after acquiring an additional 2,172 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.