CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Update

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 83,688 shares, an increase of 34.3% from the December 15th total of 62,335 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 85,791 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 85,791 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On CF Bankshares

A number of institutional investors have recently made changes to their positions in the business. Fourthstone LLC grew its holdings in CF Bankshares by 450.2% in the 2nd 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 stake in shares of CF Bankshares in the third quarter worth $1,330,000. Geode Capital Management LLC increased its position in CF Bankshares by 108.4% during the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock worth $2,072,000 after acquiring an additional 44,963 shares during the period. Alliancebernstein L.P. boosted its holdings in CF Bankshares by 5.7% in 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 purchasing an additional 24,775 shares during the period. Finally, Millennium Management LLC acquired a new stake in CF Bankshares in the 3rd quarter worth $460,000. 41.06% of the stock is currently owned by institutional investors.

CF Bankshares Stock Performance

Shares of CFBK opened at $27.94 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.65. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $28.21. The company’s fifty day moving average is $24.69 and its 200-day moving average is $24.29. The firm has a market cap of $177.98 million, a price-to-earnings ratio of 11.22 and a beta of 0.43.

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

CF Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s dividend payout ratio (DPR) is presently 14.46%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CFBK shares. Zacks Research cut shares of CF Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen cut shares of CF Bankshares from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. 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 research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

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.