CF Bankshares (NASDAQ:CFBK) Insider Purchases $24,070.00 in Stock

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

CF Bankshares Stock Performance

NASDAQ CFBK traded up $0.57 on Tuesday, reaching $24.50. 369,845 shares of the stock were exchanged, compared to its average volume of 24,902. 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 one year low of $19.22 and a one year high of $26.96. The firm has a market capitalization of $156.03 million, a PE ratio of 9.73 and a beta of 0.47. The company’s 50-day simple moving average is $23.48 and its two-hundred day simple moving average is $23.91.

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

CF Bankshares Dividend Announcement

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

Hedge Funds Weigh In On CF Bankshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its position in shares of CF Bankshares by 1.7% during the second quarter. Bridgeway Capital Management LLC now owns 27,097 shares of the savings and loans company’s stock valued at $650,000 after buying an additional 441 shares during the period. Graham Capital Wealth Management LLC lifted its stake in shares of CF Bankshares by 0.5% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 145,515 shares of the savings and loans company’s stock worth $3,488,000 after acquiring an additional 698 shares during the last quarter. CWM LLC bought a new stake in shares of CF Bankshares during the 3rd quarter worth approximately $29,000. Russell Investments Group Ltd. purchased a new position in CF Bankshares during the 3rd quarter valued at $29,000. Finally, Dimensional Fund Advisors LP grew its position in CF Bankshares by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 45,718 shares of the savings and loans company’s stock valued at $1,095,000 after acquiring an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Wall Street Analyst Weigh In

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

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.