Elizabeth Park Capital Advisors Ltd. Has $507,000 Stock Position in CF Bankshares Inc. $CFBK

Key Points

• Elizabeth Park Capital Advisors Ltd. has drastically reduced its stake in CF Bankshares Inc. by 79.2%, now holding only 22,985 shares valued at approximately $507,000.
• CF Bankshares recently announced an increase in its quarterly dividend from $0.07 to $0.08, reflecting a positive trend in its financial performance.
• Analysts have a general Buy rating for CF Bankshares, with an average price target set at $29.00, indicating potential for growth in the stock's value.

Elizabeth Park Capital Advisors Ltd. lowered its stake in shares of CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 79.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,985 shares of the savings and loans company's stock after selling 87,660 shares during the quarter. Elizabeth Park Capital Advisors Ltd. owned approximately 0.44% of CF Bankshares worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares during the fourth quarter worth approximately $5,557,000. Truffle Hound Capital LLC lifted its stake in CF Bankshares by 8.2% in the first quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company's stock valued at $1,907,000 after buying an additional 6,520 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CF Bankshares by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company's stock worth $991,000 after purchasing an additional 1,448 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CF Bankshares by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company's stock worth $733,000 after purchasing an additional 2,961 shares during the period. Finally, Northern Trust Corp acquired a new stake in CF Bankshares in the fourth quarter worth about $486,000. Institutional investors and hedge funds own 41.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have 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 report on Wednesday, May 21st. Wall Street Zen upgraded CF Bankshares from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $29.00.

CF Bankshares Stock Performance

Shares of CF Bankshares stock traded up $0.05 during midday trading on Monday, hitting $24.60. The company had a trading volume of 26,758 shares, compared to its average volume of 24,645. The business's 50 day simple moving average is $24.08 and its two-hundred day simple moving average is $23.28. The stock has a market cap of $141.94 million, a PE ratio of 8.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. CF Bankshares Inc. has a 1-year low of $19.22 and a 1-year high of $31.17.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $14.73 million.

CF Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were paid a $0.08 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. This is a boost from CF Bankshares's previous quarterly dividend of $0.07. CF Bankshares's dividend payout ratio is presently 11.51%.

Insider Activity at CF Bankshares

In other news, CEO Timothy T. O'dell sold 10,833 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $25.50, for a total value of $276,241.50. Following the sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $508,735. 21.00% of the stock is currently owned by insiders.

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.