CF Bankshares (NASDAQ:CFBK) Downgraded to "Hold (C+)" Rating by Weiss Ratings

Key Points

• CF Bankshares has been downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating as of Friday.
• Despite the downgrade, CF Bankshares saw a trading increase of $0.38, reaching $23.98, with a current market capitalization of $152.75 million.
• Insider trading activity included CEO Timothy T. O'dell selling 10,833 shares, marking a 3.60% decrease in his ownership, with insiders collectively holding 21.00% of the stock.

CF Bankshares (NASDAQ:CFBK - Get Free Report) was downgraded by Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also recently weighed in on CFBK. Wall Street Zen upgraded CF Bankshares from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Zacks Research downgraded shares of CF Bankshares from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.00.

CF Bankshares Price Performance

CF Bankshares stock traded up $0.38 during mid-day trading on Friday, reaching $23.98. The company had a trading volume of 8,852 shares, compared to its average volume of 22,488. The stock's 50-day simple moving average is $24.24 and its 200-day simple moving average is $23.71. CF Bankshares has a 1 year low of $19.22 and a 1 year high of $31.17. 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 company has a market capitalization of $152.75 million, a P/E ratio of 8.63 and a beta of 0.45.

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 earnings per share for the quarter, topping analysts' consensus estimates 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%.

Insider Buying and Selling

In other CF Bankshares news, CEO Timothy T. O'dell sold 10,833 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 290,121 shares in the company, valued at approximately $7,398,085.50. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 20,000 shares of company stock valued at $508,735. 21.00% of the stock is currently owned by insiders.

Institutional Trading of CF Bankshares

A number of hedge funds have recently added to or reduced their stakes in CFBK. CWM LLC acquired a new position in shares of CF Bankshares during the 3rd quarter valued at about $29,000. Bank of America Corp DE increased its position in CF Bankshares by 1,305.7% during 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 last quarter. JPMorgan Chase & Co. purchased a new position in CF Bankshares during the second quarter worth approximately $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in CF Bankshares during the second quarter worth approximately $50,000. Finally, New York State Common Retirement Fund acquired a new position in shares of CF Bankshares in the 2nd quarter valued at $103,000. 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.

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