CF Bankshares (NASDAQ:CFBK) Director Acquires $23,870.00 in Stock

by · The Markets Daily

CF Bankshares Inc. (NASDAQ:CFBK – Get Free Report) Director Robert Hoeweler acquired 1,000 shares of CF Bankshares stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of $23.87 per share, for a total transaction of $23,870.00. Following the completion of the transaction, the director directly owned 72,062 shares in the company, valued at approximately $1,720,119.94. The trade was a 1.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CF Bankshares Stock Performance

Shares of NASDAQ CFBK opened at $26.39 on Friday. The stock’s 50-day moving average is $23.57 and its 200 day moving average is $23.94. The stock has a market cap of $168.10 million, a price-to-earnings ratio of 10.60 and a beta of 0.47. CF Bankshares Inc. has a 1-year low of $19.22 and a 1-year high of $26.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65.

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

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Monday, October 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.32 annualized dividend and a yield of 1.2%. CF Bankshares’s payout ratio is currently 12.85%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on CFBK

Hedge Funds Weigh In On CF Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of CFBK. Fourthstone LLC raised its position in CF Bankshares by 450.2% during the 2nd 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. Segall Bryant & Hamill LLC purchased a new position in shares of CF Bankshares during the third quarter valued at approximately $1,330,000. Geode Capital Management LLC raised its holdings in shares of CF Bankshares by 108.4% during the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after acquiring an additional 44,963 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of CF Bankshares by 5.7% during the third quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock valued at $11,071,000 after acquiring an additional 24,775 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in CF Bankshares in the third quarter worth $460,000. 41.06% of the stock is owned by institutional investors.

CF Bankshares Company Profile

(Get Free Report)

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.

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