Elizabeth Park Capital Advisors Ltd. Reduces 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. decreased its position in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 79.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,985 shares of the savings and loans company's stock after selling 87,660 shares during the period. Elizabeth Park Capital Advisors Ltd. owned 0.44% of CF Bankshares worth $507,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northern Trust Corp purchased a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $486,000. Millennium Management LLC purchased a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $395,000. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $991,000 after purchasing an additional 1,448 shares during the period. Citadel Advisors LLC purchased a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $251,000. Finally, 683 Capital Management LLC purchased a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $340,000. Hedge funds and other institutional investors own 41.06% of the company's stock.

Analyst Upgrades and Downgrades

CFBK has been the subject of a number of research reports. Piper Sandler set a $29.00 price target on 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, CF Bankshares currently has an average rating of "Buy" and an average price target of $29.00.

CF Bankshares Stock Performance

Shares of CFBK opened at $24.65 on Wednesday. CF Bankshares Inc. has a 12 month low of $19.22 and a 12 month high of $31.17. The stock has a fifty day moving average price of $24.02 and a 200-day moving average price of $23.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The firm has a market cap of $142.23 million, a PE ratio of 8.87 and a beta of 0.42.

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

CF Bankshares Increases Dividend

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

Insider Transactions at CF Bankshares

In related news, CEO Timothy T. O'dell sold 10,833 shares of the firm'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 owned 290,121 shares in the company, valued at $7,398,085.50. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 20,000 shares of company stock valued at $508,735. Company insiders own 21.00% of the company's stock.

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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