Rhino Investment Partners Inc cut its holdings in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,527 shares of the savings and loans company's stock after selling 40,053 shares during the quarter. Rhino Investment Partners Inc owned approximately 3.40% of CF Bankshares worth $3,913,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in CF Bankshares in the fourth quarter worth about $251,000. 683 Capital Management LLC bought a new position in CF Bankshares during the fourth quarter worth about $340,000. Millennium Management LLC bought a new position in CF Bankshares during the fourth quarter worth about $395,000. Northern Trust Corp bought a new position in CF Bankshares during the fourth quarter worth about $486,000. Finally, Dimensional Fund Advisors LP boosted its holdings in CF Bankshares by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 28,710 shares of the savings and loans company's stock worth $733,000 after buying an additional 2,961 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at CF Bankshares
In other news, CEO Timothy T. O'dell sold 10,833 shares of CF Bankshares stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $25.50, for a total transaction of $276,241.50. Following the transaction, the chief executive officer owned 290,121 shares in the company, valued at $7,398,085.50. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 20,000 shares of company stock worth $508,735. Insiders own 21.00% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on CFBK shares. Piper Sandler set a $29.00 target price on CF Bankshares and gave the stock 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $29.00.
Check Out Our Latest Stock Report on CFBK
CF Bankshares Stock Down 0.0%
Shares of NASDAQ:CFBK traded down $0.01 during trading on Tuesday, hitting $24.67. 6,705 shares of the company's stock traded hands, compared to its average volume of 20,106. CF Bankshares Inc. has a 52 week low of $19.22 and a 52 week 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 0.66. The company has a market cap of $142.35 million, a price-to-earnings ratio of 8.87 and a beta of 0.42. The company has a 50-day moving average price of $23.99 and a 200-day moving average price of $23.29.
CF Bankshares (NASDAQ:CFBK - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The savings and loans company reported $0.77 earnings per share 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 business had revenue of $15.58 million for the quarter, compared to analysts' expectations of $14.73 million.
CF Bankshares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were issued a dividend of $0.08 per share. This is a boost from CF Bankshares's previous quarterly dividend of $0.07. The ex-dividend date was Friday, July 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. CF Bankshares's dividend payout ratio (DPR) is presently 11.51%.
CF Bankshares Company Profile
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Free Report)
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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