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

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

CF Bankshares has raised its dividend by an average of 24.4% per year over the last three years.

CF Bankshares Stock Down 4.1 %

Shares of CFBK traded down $1.02 during midday trading on Tuesday, hitting $23.81. The company had a trading volume of 24,694 shares, compared to its average volume of 45,773. The stock has a market cap of $122.15 million, a price-to-earnings ratio of 11.73 and a beta of 0.55. The company's 50 day moving average price is $26.69 and its 200 day moving average price is $23.27. 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 has a 52 week low of $16.92 and a 52 week high of $31.17.

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

Insider Activity at CF Bankshares

In other news, CEO Timothy T. O'dell sold 20,522 shares of CF Bankshares stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $26.54, for a total transaction of $544,653.88. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 23,297 shares of company stock worth $621,211 in the last 90 days. 19.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CF Bankshares in a research report on Tuesday, November 12th. They set 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.