CF Bankshares (NASDAQ:CFBK) Cut to "Hold" at Zacks Research

Key Points

• CF Bankshares has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, impacting investor sentiment.
• Shares of CF Bankshares opened at $24.25, with a market capitalization of $139.92 million and a P/E ratio of 8.72.
• Insider transactions indicate that CEO Timothy T. O'dell sold 10,833 shares, reducing his ownership percentage by 3.60%.

CF Bankshares (NASDAQ:CFBK - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of CF Bankshares from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Weiss Ratings reissued a "buy (b-)" rating on shares of CF Bankshares in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.00.

CF Bankshares Stock Up 1.1%

Shares of CFBK opened at $24.25 on Monday. CF Bankshares has a 52 week low of $19.22 and a 52 week high of $31.17. The firm has a market cap of $139.92 million, a P/E ratio of 8.72 and a beta of 0.45. The firm's 50-day simple moving average is $24.41 and its 200 day simple moving average is $23.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insider Transactions at CF Bankshares

In other news, CEO Timothy T. O'dell sold 10,833 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $25.50, for a total transaction of $276,241.50. Following the completion of the sale, the chief executive officer directly owned 290,121 shares in the company, valued at $7,398,085.50. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $508,735. Corporate insiders own 21.00% of the company's stock.

Institutional Investors Weigh In On CF Bankshares

Several large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC increased 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 worth $650,000 after buying an additional 441 shares during the period. Bank of America Corp DE grew its holdings in CF Bankshares by 1,305.7% in the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company's stock worth $41,000 after purchasing an additional 1,606 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in CF Bankshares in the second quarter worth $50,000. Fourthstone LLC grew its holdings in CF Bankshares by 450.2% in the second quarter. Fourthstone LLC now owns 421,191 shares of the savings and loans company's stock worth $10,096,000 after purchasing an additional 344,642 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in CF Bankshares in the second quarter worth $103,000. 41.06% of the stock is currently 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.

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