15,466 Shares in CF Bankshares Inc. (NASDAQ:CFBK) Purchased by Millennium Management LLC

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

Other institutional investors have also recently bought and sold shares of the company. Rhino Investment Partners Inc acquired a new position in shares of CF Bankshares in the 4th quarter valued at $5,557,000. Truffle Hound Capital LLC acquired a new position in CF Bankshares in the fourth quarter valued at about $2,043,000. Northern Trust Corp bought a new position in CF Bankshares during the fourth quarter worth about $486,000. 683 Capital Management LLC bought a new position in CF Bankshares during the fourth quarter worth about $340,000. Finally, Citadel Advisors LLC acquired a new position in shares of CF Bankshares during the 4th quarter worth about $251,000. Institutional investors and hedge funds own 41.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFBK. Piper Sandler set a $29.00 price target on shares of CF Bankshares and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of CF Bankshares from a "buy" rating to a "hold" rating in a research note on Friday.

CF Bankshares Trading Down 0.3%

CF Bankshares stock traded down $0.07 during mid-day trading on Tuesday, hitting $23.75. 10,500 shares of the company's stock were exchanged, compared to its average volume of 16,766. The company's 50 day simple moving average is $22.67 and its 200-day simple moving average is $23.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $123.98 million, a P/E ratio of 11.53 and a beta of 0.42. CF Bankshares Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $31.17.

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

CF Bankshares Announces Dividend

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

CF Bankshares 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.