Insider Selling: CF Bankshares (NASDAQ:CFBK) COO Sells 400 Shares of Stock

Key Points

• COO Marianne Mckinney sold 400 CF Bankshares shares at an average price of $35.36, for total proceeds of $14,144. Following the transaction, she retained 14,219 shares.
• CF Bankshares reported quarterly EPS of $0.90, slightly exceeding estimates, while revenue of $16.55 million also topped expectations. The company pays a quarterly dividend of $0.09, equivalent to a 1.0% annual yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $40, compared with the stock’s recent price near $35.29. Institutional investors own approximately 41.06% of the company.

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) COO Marianne Mckinney sold 400 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $35.36, for a total value of $14,144.00. Following the completion of the sale, the chief operating officer owned 14,219 shares of the company's stock, valued at $502,783.84. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CF Bankshares Trading Up 0.3%

Shares of NASDAQ:CFBK traded up $0.11 during trading on Monday, reaching $35.29. 60,384 shares of the company traded hands, compared to its average volume of 54,275. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59. CF Bankshares Inc. has a 52-week low of $22.10 and a 52-week high of $38.11. The firm has a market capitalization of $226.42 million, a price-to-earnings ratio of 12.13 and a beta of 0.38. The business's fifty day moving average is $34.46 and its 200-day moving average is $31.00.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. The company had revenue of $16.55 million during the quarter, compared to analyst estimates of $16.30 million. As a group, analysts forecast that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, July 13th. CF Bankshares's dividend payout ratio (DPR) is currently 12.37%.

Institutional Investors Weigh In On CF Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of CFBK. BlackRock Inc. bought a new stake in shares of CF Bankshares in the 2nd quarter worth approximately $12,378,000. Rhino Investment Partners Inc purchased a new position in CF Bankshares during the first quarter valued at $3,499,000. Renaissance Technologies LLC boosted its holdings in CF Bankshares by 9.8% in the first quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company's stock worth $2,637,000 after acquiring an additional 8,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CF Bankshares by 48.4% in the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company's stock worth $2,571,000 after acquiring an additional 30,045 shares during the last quarter. Finally, De Lisle Partners LLP purchased a new stake in shares of CF Bankshares in the second quarter worth $1,350,000. Hedge funds and other institutional investors own 41.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and issued a $40.00 price target (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Weiss Ratings reissued a "buy (b)" rating on shares of CF Bankshares in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.00.

CF Bankshares Company Profile

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company's offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.

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