CF Bankshares Inc. (NASDAQ:CFBK) Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. decreased its position in shares of CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,022 shares of the savings and loans company's stock after selling 11,497 shares during the period. First Manhattan CO. LLC. owned about 3.35% of CF Bankshares worth $4,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CFBK. Cutter & CO Brokerage Inc. purchased a new position in shares of CF Bankshares during the 4th quarter valued at approximately $219,000. Citadel Advisors LLC bought a new position in shares of CF Bankshares during the fourth quarter worth about $251,000. 683 Capital Management LLC acquired a new position in CF Bankshares in the fourth quarter worth about $340,000. Aspiring Ventures LLC bought a new position in CF Bankshares during the 4th quarter worth approximately $469,000. Finally, Northern Trust Corp acquired a new position in shares of CF Bankshares in the 4th quarter worth approximately $486,000. Institutional investors and hedge funds own 41.06% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CF Bankshares from a "hold" rating to a "buy" rating in a report on Thursday, May 8th.

CF Bankshares Stock Performance

CF Bankshares stock traded up $0.19 during midday trading on Thursday, reaching $23.87. 4,886 shares of the stock traded hands, compared to its average volume of 12,791. CF Bankshares Inc. has a fifty-two week low of $16.92 and a fifty-two 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 0.75. The firm has a market cap of $124.48 million, a price-to-earnings ratio of 11.59 and a beta of 0.38. The firm has a fifty day moving average price of $21.99 and a two-hundred day moving average price of $24.18.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share (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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Monday, April 14th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, April 14th. CF Bankshares's dividend payout ratio (DPR) 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.