CF Bankshares (NASDAQ:CFBK) CEO Sells $227,239.09 in Stock

Key Points

• CF Bankshares CEO Timothy T. O'dell sold 8,957 shares at an average price of $25.37, reducing his ownership stake by 2.89% to 301,164 shares.
• The company reported earnings of $0.77 per share for the last quarter, surpassing expectations, and announced a quarterly dividend increase to $0.08 per share.
• Institutional investors now hold 41.06% of CF Bankshares, with notable increases in holdings by several hedge funds in the last quarter.

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) CEO Timothy T. O'dell sold 8,957 shares of CF Bankshares stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $25.37, for a total transaction of $227,239.09. Following the sale, the chief executive officer directly owned 301,164 shares in the company, valued at $7,640,530.68. This trade represents a 2.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CF Bankshares Stock Down 0.7%

NASDAQ:CFBK traded down $0.18 on Wednesday, reaching $24.30. The stock had a trading volume of 14,832 shares, compared to its average volume of 16,314. The company has a 50-day moving average of $23.94 and a 200 day moving average of $23.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The stock has a market cap of $140.21 million, a P/E ratio of 8.74 and a beta of 0.42. CF Bankshares Inc. has a 12-month low of $19.22 and a 12-month high of $31.17.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The savings and loans company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The business had revenue of $15.58 million for the quarter, compared to analysts' expectations of $14.73 million. CF Bankshares had a return on equity of 10.44% and a net margin of 14.20%.

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 paid a dividend of $0.08 per share. This is an increase from CF Bankshares's previous quarterly dividend of $0.07. The ex-dividend date was Friday, July 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. CF Bankshares's dividend payout ratio (DPR) is currently 11.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CFBK. Wall Street Zen upgraded shares of CF Bankshares from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Piper Sandler set a $29.00 price objective on shares of CF Bankshares and gave the stock an "overweight" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, CF Bankshares currently has an average rating of "Buy" and a consensus target price of $29.00.

Institutional Trading of CF Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of CFBK. Fourthstone LLC grew its position in shares of CF Bankshares by 450.2% during 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. Rhino Investment Partners Inc bought a new position in CF Bankshares in the fourth quarter worth about $5,557,000. Geode Capital Management LLC boosted its stake in CF Bankshares by 108.4% in the second quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company's stock valued at $2,072,000 after acquiring an additional 44,963 shares during the period. Northern Trust Corp acquired a new position in CF Bankshares in the fourth quarter valued at approximately $486,000. Finally, Millennium Management LLC bought a new position in shares of CF Bankshares during the fourth quarter valued at approximately $395,000. 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.