CF Bankshares Inc. (NASDAQ:CFBK) Sees Large Decline in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant drop in short interest in 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. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 15,000 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

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

CF Bankshares Stock Performance

NASDAQ:CFBK traded down $1.07 on Monday, hitting $26.10. The company’s stock had a trading volume of 33,917 shares, compared to its average volume of 7,826. 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 one year low of $16.92 and a one year high of $31.17. The stock has a fifty day moving average of $26.32 and a two-hundred day moving average of $22.63. The firm has a market capitalization of $133.89 million, a P/E ratio of 13.38 and a beta of 0.55.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share 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 company posted $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were issued a dividend of $0.07 per share. This is an increase 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 1.07%. CF Bankshares’s payout ratio is presently 13.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Graham Capital Wealth Management LLC boosted its holdings in shares of CF Bankshares by 0.6% during the third quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock worth $3,221,000 after acquiring an additional 923 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CF Bankshares by 9.4% during the 2nd 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 last quarter. De Lisle Partners LLP boosted its stake in 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. Finally, Geode Capital Management LLC grew its holdings in CF Bankshares by 72.3% in the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after buying an additional 15,658 shares in the last quarter. Institutional investors and hedge funds own 41.06% of the company’s stock.

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.