Insider Selling: CF Bankshares (NASDAQ:CFBK) CEO Sells 10,833 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy O’dell sold 10,833 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $25.50, for a total value of $276,241.50. Following the completion of the sale, the chief executive officer owned 290,121 shares in the company, valued at approximately $7,398,085.50. This represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CF Bankshares Trading Up 0.8%

Shares of NASDAQ:CFBK opened at $24.50 on Friday. CF Bankshares Inc. has a 1 year low of $19.22 and a 1 year high of $31.17. The firm has a market capitalization of $141.37 million, a price-to-earnings ratio of 8.81 and a beta of 0.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average price is $23.97 and its 200-day moving average price is $23.31.

CF Bankshares (NASDAQ:CFBK) last announced its earnings results on Monday, August 4th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. CF Bankshares had a return on equity of 10.44% and a net margin of 14.20%.The firm had revenue of $15.58 million for the quarter, compared to analyst estimates of $14.73 million.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were given a dividend of $0.08 per share. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, July 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. CF Bankshares’s payout ratio is 11.51%.

Analyst Ratings Changes

CFBK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded CF Bankshares from a “hold” rating to a “buy” rating in a research report on Sunday, August 10th. Piper Sandler set a $29.00 price objective on CF Bankshares and gave the company an “overweight” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $29.00.

Institutional Trading of CF Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of CF Bankshares by 1,305.7% in the 2nd quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in CF Bankshares in the 2nd quarter valued at about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in CF Bankshares in the 2nd quarter valued at about $50,000. New York State Common Retirement Fund acquired a new position in CF Bankshares in the 2nd quarter valued at about $103,000. Finally, Citadel Advisors LLC purchased a new position in shares of CF Bankshares in the 4th quarter valued at about $251,000. 41.06% of the stock is owned by institutional investors and hedge funds.

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.