CF Bankshares (NASDAQ:CFBK) Shares Pass Above 50 Day Moving Average - Time to Sell?

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.22 and traded as high as $28.75. CF Bankshares shares last traded at $27.26, with a volume of 49,671 shares trading hands.

Wall Street Analysts Forecast Growth

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

CF Bankshares Price Performance

The business has a fifty day moving average of $26.32 and a 200 day moving average of $22.58. 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 stock has a market cap of $139.38 million, a PE ratio of 13.38 and a beta of 0.55.

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

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 19th. Stockholders of record on Friday, October 11th were given a $0.07 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is an increase from CF Bankshares's previous quarterly dividend of $0.06. CF Bankshares's payout ratio is presently 13.79%.

Institutional Trading of CF Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of CFBK. Dimensional Fund Advisors LP increased its stake 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. Graham Capital Wealth Management LLC bought a new stake in shares of CF Bankshares during the 2nd quarter valued at about $2,774,000. De Lisle Partners LLP raised its stake in CF Bankshares by 10.4% during 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 during the period. Finally, Geode Capital Management LLC lifted its holdings in CF Bankshares by 72.3% in the third 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. Institutional investors and hedge funds own 41.06% of the company's stock.

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.