CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Down 21.2% in October

CF Bankshares Inc. (NASDAQ:CFBK) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 14,500 shares, a drop of 21.2% from the October 15th total of 18,400 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is presently 2.1 days. Currently, 0.4% of the shares of the stock are sold short.

CF Bankshares Stock Performance

NASDAQ:CFBK traded down $0.02 on Friday, hitting $27.70. The company’s stock had a trading volume of 3,398 shares, compared to its average volume of 5,988. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. CF Bankshares has a one year low of $16.00 and a one year high of $31.17. The stock has a fifty day moving average of $23.73 and a two-hundred day moving average of $21.25. The firm has a market capitalization of $142.10 million, a P/E ratio of 13.66 and a beta of 0.53.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data 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 8.29% and a net margin of 10.63%. The firm had revenue of $31.60 million for the quarter. During the same quarter in the previous year, the business earned $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. This is an increase from CF Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, October 11th. CF Bankshares’s dividend payout ratio is presently 13.79%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of CF Bankshares in a report on Tuesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On CF Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in CF Bankshares by 9.4% during the second 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. Kennedy Capital Management LLC bought a new position in CF Bankshares during the first quarter valued at about $619,000. De Lisle Partners LLP grew its position in 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 valued at $1,120,000 after buying an additional 4,843 shares during the period. Finally, Graham Capital Wealth Management LLC bought a new stake in CF Bankshares in the second quarter worth about $2,774,000. Institutional investors and hedge funds own 41.06% 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.