Robert Hoeweler Buys 1,000 Shares of CF Bankshares (NASDAQ:CFBK) Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Robert Hoeweler acquired 1,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average price of $23.87 per share, for a total transaction of $23,870.00. Following the acquisition, the director owned 72,062 shares in the company, valued at approximately $1,720,119.94. The trade was a 1.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CF Bankshares Price Performance

CFBK stock opened at $25.95 on Thursday. The business has a 50 day moving average price of $23.52 and a 200 day moving average price of $23.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.65. The stock has a market cap of $165.30 million, a price-to-earnings ratio of 10.42 and a beta of 0.47. CF Bankshares Inc. has a fifty-two week low of $19.22 and a fifty-two week high of $26.60.

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

CF Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Monday, October 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 10th. CF Bankshares’s dividend payout ratio (DPR) is 12.85%.

Analyst Ratings Changes

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

Institutional Trading of CF Bankshares

A number of large investors have recently bought and sold shares of the business. Fourthstone LLC raised its holdings in shares of CF Bankshares by 450.2% in the second quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company’s stock valued at $10,096,000 after buying an additional 344,642 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in CF Bankshares in the 3rd quarter valued at about $1,330,000. Geode Capital Management LLC increased its position in CF Bankshares by 108.4% in the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock valued at $2,072,000 after acquiring an additional 44,963 shares during the period. Alliancebernstein L.P. lifted its position 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 acquiring an additional 24,775 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of CF Bankshares in the 3rd quarter valued at approximately $460,000. 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.