Northern Trust Corp Invests $486,000 in CF Bankshares Inc. (NASDAQ:CFBK)

Northern Trust Corp acquired a new stake in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 19,030 shares of the savings and loans company's stock, valued at approximately $486,000. Northern Trust Corp owned about 0.37% of CF Bankshares at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Truffle Hound Capital LLC bought a new stake in CF Bankshares in the 4th quarter valued at $2,043,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of CF Bankshares during the 4th quarter valued at about $219,000. Kennedy Capital Management LLC increased its stake in 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 valued at $1,111,000 after acquiring an additional 6,309 shares during the period. Dimensional Fund Advisors LP raised its position 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 in the last quarter. Finally, Geode Capital Management LLC raised its position 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 in the last quarter. 41.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CFBK has been the topic of a number of recent research reports. Wall Street Zen raised CF Bankshares from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Piper Sandler set a $29.00 price objective on CF Bankshares and gave the stock an "overweight" rating in a research note on Wednesday, May 21st.

CF Bankshares Price Performance

CFBK stock traded down $0.09 during trading on Wednesday, hitting $23.82. 10,447 shares of the stock traded hands, compared to its average volume of 14,168. The stock has a market cap of $124.34 million, a price-to-earnings ratio of 11.56 and a beta of 0.38. CF Bankshares Inc. has a one year low of $16.92 and a one year high of $31.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The company has a 50 day simple moving average of $22.56 and a 200 day simple moving average of $23.87.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last announced its 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 announced 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. The ex-dividend date was Monday, April 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. CF Bankshares's payout ratio is 12.33%.

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.