First Manhattan CO. LLC. trimmed its holdings in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 3.35% of CF Bankshares worth $4,393,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Cutter & CO Brokerage Inc. bought a new stake in CF Bankshares during the fourth quarter worth approximately $219,000. Citadel Advisors LLC acquired a new stake in shares of CF Bankshares in the fourth quarter worth $251,000. 683 Capital Management LLC acquired a new stake in shares of CF Bankshares in the fourth quarter worth $340,000. Aspiring Ventures LLC bought a new stake in shares of CF Bankshares during the 4th quarter worth $469,000. Finally, Northern Trust Corp acquired a new position in CF Bankshares in the 4th quarter valued at $486,000. Institutional investors and hedge funds own 41.06% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded CF Bankshares from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.
View Our Latest Stock Report on CF Bankshares
CF Bankshares Stock Performance
CFBK traded down $0.05 during trading on Tuesday, reaching $23.95. 10,235 shares of the company's stock were exchanged, compared to its average volume of 12,812. The company has a market capitalization of $124.92 million, a P/E ratio of 11.63 and a beta of 0.38. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average price of $21.97 and a 200 day moving average price of $24.19. CF Bankshares Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $31.17.
CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted 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 firm also recently announced 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 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, April 14th. CF Bankshares's payout ratio is presently 12.33%.
CF Bankshares Profile
(
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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