Millennium Management LLC Acquires New Holdings in CF Bankshares Inc. (NASDAQ:CFBK)

Millennium Management LLC purchased a new position in shares of CF Bankshares Inc. (NASDAQ:CFBK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,466 shares of the savings and loans company's stock, valued at approximately $395,000. Millennium Management LLC owned 0.30% of CF Bankshares as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CFBK. Salzhauer Michael raised its holdings in CF Bankshares by 4.6% during the fourth quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company's stock worth $684,000 after buying an additional 1,189 shares during the last quarter. Geode Capital Management LLC boosted its stake in CF Bankshares by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company's stock valued at $991,000 after purchasing an additional 1,448 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CF Bankshares by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company's stock valued at $733,000 after purchasing an additional 2,961 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of CF Bankshares by 17.0% in the fourth quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company's stock worth $1,111,000 after purchasing an additional 6,309 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of CF Bankshares in the fourth quarter worth approximately $219,000. Institutional investors own 41.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler set a $29.00 target price on CF Bankshares and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen lowered shares of CF Bankshares from a "buy" rating to a "hold" rating in a research note on Friday, June 6th.

CF Bankshares Stock Performance

Shares of CF Bankshares stock traded down $0.12 during mid-day trading on Friday, hitting $23.74. 8,481 shares of the stock were exchanged, compared to its average volume of 14,324. The company has a 50-day simple moving average of $22.90 and a 200 day simple moving average of $23.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. CF Bankshares Inc. has a 12 month low of $16.92 and a 12 month high of $31.17. The company has a market capitalization of $123.92 million, a P/E ratio of 11.52 and a beta of 0.42.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were given a dividend of $0.07 per share. The ex-dividend date was Monday, April 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.18%. CF Bankshares's dividend payout ratio is presently 12.33%.

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.