CF Bankshares Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:CFBK)

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.07 per share by the savings and loans company on Monday, January 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, January 16th.

CF Bankshares has increased its dividend by an average of 24.4% annually over the last three years.

CF Bankshares Stock Down 4.1 %

Shares of NASDAQ CFBK opened at $23.81 on Wednesday. The business has a 50-day moving average of $26.69 and a 200-day moving average of $23.27. The firm has a market capitalization of $122.15 million, a price-to-earnings ratio of 11.73 and a beta of 0.55. 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 12 month low of $16.92 and a 12 month high of $31.17.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 EPS for the quarter. The business had revenue of $31.60 million during the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. During the same period in the prior year, the firm earned $0.62 EPS.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Timothy T. O’dell sold 20,522 shares of CF Bankshares stock in a transaction on Monday, December 16th. The shares were sold at an average price of $26.54, for a total value of $544,653.88. Following the transaction, the chief executive officer now owns 292,621 shares in the company, valued at $7,766,161.34. This trade represents a 6.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 23,297 shares of company stock worth $621,211 in the last quarter. 19.70% of the stock is owned by insiders.

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.