Insider Selling: CF Bankshares Inc. (NASDAQ:CFBK) CEO Sells 20,522 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell sold 20,522 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $26.54, for a total value of $544,653.88. Following the completion of the sale, the chief executive officer now owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. The trade was a 6.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CF Bankshares Price Performance

CF Bankshares stock traded up $0.63 during midday trading on Tuesday, reaching $26.96. 26,958 shares of the stock traded hands, compared to its average volume of 7,917. The stock has a market cap of $138.20 million, a P/E ratio of 12.97 and a beta of 0.55. The stock’s fifty day moving average is $26.41 and its 200-day moving average is $22.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. CF Bankshares Inc. has a 12 month low of $16.92 and a 12 month high of $31.17.

CF Bankshares (NASDAQ:CFBK) last announced 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 net margin of 10.63% and a return on equity of 8.20%. The company had revenue of $31.60 million for the quarter. During the same quarter in the prior year, the firm posted $0.62 EPS.

CF Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 19th. Investors of record on Friday, October 11th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.28 annualized dividend and a yield of 1.04%. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.06. CF Bankshares’s dividend payout ratio (DPR) is currently 13.79%.

Institutional Investors Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC purchased a new stake in shares of CF Bankshares in the second quarter worth approximately $2,774,000. Dimensional Fund Advisors LP increased its stake 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 worth $474,000 after buying an additional 2,172 shares during the period. De Lisle Partners LLP grew 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 worth $1,120,000 after acquiring an additional 4,843 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 valued at $808,000 after acquiring an additional 15,658 shares in the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.