CF Bankshares (NASDAQ:CFBK) Insider Bradley Ringwald Acquires 1,000 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) insider Bradley Ringwald acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $24.07 per share, with a total value of $24,070.00. Following the completion of the transaction, the insider owned 29,399 shares of the company’s stock, valued at approximately $707,633.93. This trade represents a 3.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CF Bankshares Stock Performance

Shares of NASDAQ:CFBK opened at $24.36 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65. CF Bankshares Inc. has a 1-year low of $19.22 and a 1-year high of $26.96. The stock has a market capitalization of $155.17 million, a P/E ratio of 9.78 and a beta of 0.47. The business has a 50-day moving average price of $23.48 and a two-hundred day moving average price of $23.91.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Monday, November 3rd. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.48). The business had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.88 million. CF Bankshares had a net margin of 12.78% and a return on equity of 9.23%.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Monday, October 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 10th. CF Bankshares’s payout ratio is currently 12.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research downgraded CF Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings lowered CF Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Finally, Wall Street Zen cut CF Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFBK. NewEdge Advisors LLC acquired a new position in CF Bankshares in the third quarter valued at about $321,000. Millennium Management LLC bought a new position in shares of CF Bankshares during the 3rd quarter valued at about $460,000. Citadel Advisors LLC grew its position in shares of CF Bankshares by 182.7% in the 3rd quarter. Citadel Advisors LLC now owns 24,888 shares of the savings and loans company’s stock valued at $596,000 after purchasing an additional 16,085 shares during the period. Bank of America Corp DE increased its stake in CF Bankshares by 96.5% during the 3rd quarter. Bank of America Corp DE now owns 3,398 shares of the savings and loans company’s stock worth $81,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in CF Bankshares by 5.7% during the 3rd quarter. Alliancebernstein L.P. now owns 462,268 shares of the savings and loans company’s stock worth $11,071,000 after purchasing an additional 24,775 shares in the last quarter. 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.