CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Down 14.9% in February

CF Bankshares Inc. (NASDAQ:CFBK) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 46,128 shares, a drop of 14.9% from the February 12th total of 54,204 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 40,598 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 40,598 shares, the short-interest ratio is presently 1.1 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors have recently bought and sold shares of CFBK. Quadrature Capital Ltd raised its stake in CF Bankshares by 45.3% in the 4th quarter. Quadrature Capital Ltd now owns 31,548 shares of the savings and loans company’s stock valued at $787,000 after acquiring an additional 9,830 shares during the period. Man Group plc bought a new position in shares of CF Bankshares during the fourth quarter worth approximately $237,000. First Manhattan CO. LLC. lifted its holdings in CF Bankshares by 5.6% during the 4th quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock worth $4,666,000 after purchasing an additional 10,000 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in CF Bankshares by 11.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 35,671 shares of the savings and loans company’s stock worth $890,000 after purchasing an additional 3,642 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in CF Bankshares by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 25,892 shares of the savings and loans company’s stock valued at $646,000 after purchasing an additional 9,980 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.00.

CF Bankshares Stock Down 0.7%

Shares of CF Bankshares stock traded down $0.21 on Tuesday, reaching $28.51. 19,891 shares of the company were exchanged, compared to its average volume of 56,218. The company has a market capitalization of $183.31 million, a price-to-earnings ratio of 10.63 and a beta of 0.40. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.63. CF Bankshares has a one year low of $19.22 and a one year high of $34.33. The company has a 50-day moving average of $29.68 and a 200 day moving average of $26.07.

CF Bankshares (NASDAQ:CFBK) last issued its earnings results on Thursday, February 5th. The savings and loans company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%. The business had revenue of $15.75 million for the quarter, compared to the consensus estimate of $15.94 million.

CF Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were paid a $0.09 dividend. This is an increase from CF Bankshares’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.3%. CF Bankshares’s dividend payout ratio (DPR) is 13.38%.

CF Bankshares Company Profile

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.