CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Growth in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 101,905 shares, an increase of 68.7% from the July 15th total of 60,402 shares. Based on an average daily volume of 77,789 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fourthstone LLC grew its position in CF Bankshares by 6.4% during the 4th quarter. Fourthstone LLC now owns 634,535 shares of the savings and loans company’s stock worth $15,832,000 after purchasing an additional 38,259 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 valued at $11,071,000 after buying an additional 24,775 shares during the last quarter. BlackRock Inc. acquired a new position in CF Bankshares in the second quarter valued at approximately $12,378,000. First Manhattan CO. LLC. lifted its stake in shares of CF Bankshares by 5.6% in the 4th quarter. First Manhattan CO. LLC. now owns 187,022 shares of the savings and loans company’s stock valued at $4,666,000 after purchasing an additional 10,000 shares during the period. Finally, Rhino Investment Partners Inc acquired a new position in shares of CF Bankshares in the first quarter worth about $3,499,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Bankshares Trading Down 0.4%

NASDAQ:CFBK traded down $0.13 during midday trading on Monday, hitting $35.92. 26,826 shares of the company traded hands, compared to its average volume of 56,057. The firm has a market capitalization of $230.61 million, a P/E ratio of 12.34 and a beta of 0.39. The firm’s fifty day moving average is $32.79 and its 200-day moving average is $30.45. CF Bankshares has a 12-month low of $22.10 and a 12-month high of $36.94. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. The company had revenue of $16.55 million for the quarter, compared to analyst estimates of $16.30 million. On average, sell-side analysts predict that CF Bankshares will post 3.56 EPS for the current year.

CF Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, July 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. CF Bankshares’s dividend payout ratio (DPR) is currently 12.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CFBK. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Bankshares in a research note on Friday, June 12th. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CF Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.