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

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 11,400 shares, a growth of 40.7% from the January 31st total of 8,100 shares. Based on an average daily volume of 21,900 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK traded down $0.78 during midday trading on Friday, hitting $22.73. 9,927 shares of the stock were exchanged, compared to its average volume of 16,910. CF Bankshares has a twelve month low of $16.92 and a twelve month high of $31.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average price of $23.95 and a 200-day moving average price of $24.27. The stock has a market cap of $116.51 million, a P/E ratio of 11.03 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last announced its earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, January 16th. CF Bankshares's dividend payout ratio (DPR) is presently 13.59%.

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Insider Activity at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O'dell sold 2,278 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $27.28, for a total value of $62,143.84. Following the completion of the transaction, the chief executive officer now directly owns 313,143 shares of the company's stock, valued at approximately $8,542,541.04. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 19.70% of the company's stock.

Hedge Funds Weigh In On CF Bankshares

Several hedge funds have recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. acquired a new stake in shares of CF Bankshares during the fourth quarter valued at $219,000. Citadel Advisors LLC acquired a new position in CF Bankshares in the 4th quarter valued at about $251,000. 683 Capital Management LLC purchased a new position in CF Bankshares in the 4th quarter valued at about $340,000. Millennium Management LLC acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $395,000. Finally, Aspiring Ventures LLC purchased a new stake in shares of CF Bankshares during the fourth quarter worth about $469,000. Hedge funds and other institutional investors own 41.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on 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.