CF Bankshares (NASDAQ:CFBK) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.72 and traded as low as $24.40. CF Bankshares shares last traded at $24.83, with a volume of 117,224 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of CF Bankshares in a research report on Tuesday, November 12th. They issued a "hold" rating on the stock.

CF Bankshares Trading Down 4.1 %

The firm has a 50-day simple moving average of $26.69 and a 200-day simple moving average of $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. The stock has a market cap of $122.15 million, a PE ratio of 11.73 and a beta of 0.55.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings data 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 last year, the company posted $0.62 EPS.

CF Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, January 16th. This represents a $0.28 annualized dividend and a yield of 1.18%. CF Bankshares's dividend payout ratio is currently 13.79%.

Insider Buying and Selling

In other CF Bankshares news, CEO Timothy T. O'dell sold 20,522 shares of the firm'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 sale, the chief executive officer now owns 292,621 shares of the company's stock, valued at $7,766,161.34. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 23,297 shares of company stock valued at $621,211. Company insiders own 19.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in CF Bankshares by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company's stock valued at $474,000 after purchasing an additional 2,172 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 15,658 shares during the last quarter. De Lisle Partners LLP grew its position in CF Bankshares by 10.4% in the third 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, Graham Capital Wealth Management LLC purchased a new position in CF Bankshares in the second quarter worth $2,774,000. 41.06% of the stock is currently 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.