CF Bankshares (NASDAQ:CFBK) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.32 and traded as low as $22.02. CF Bankshares shares last traded at $22.07, with a volume of 7,104 shares.

CF Bankshares Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50 day moving average price is $23.65 and its 200-day moving average price is $24.28. The firm has a market cap of $111.39 million, a price-to-earnings ratio of 10.55 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share 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 disclosed 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. The ex-dividend date was Thursday, January 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. CF Bankshares's payout ratio is presently 13.59%.

Insider Buying and Selling at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O'dell sold 20,522 shares of CF Bankshares stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 292,621 shares of the company's stock, valued at approximately $7,766,161.34. This trade represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 19.70% of the company's stock.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Rhino Investment Partners Inc bought a new stake in CF Bankshares during the 4th quarter worth about $5,557,000. Truffle Hound Capital LLC bought a new stake in CF Bankshares during the 4th quarter worth about $2,043,000. Northern Trust Corp bought a new stake in CF Bankshares during the 4th quarter worth about $486,000. Aspiring Ventures LLC bought a new stake in CF Bankshares during the 4th quarter worth about $469,000. Finally, Geode Capital Management LLC grew its position in shares of CF Bankshares by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company's stock worth $808,000 after buying an additional 15,658 shares during the period. 41.06% of the stock is owned by institutional investors.

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.