Rhino Investment Partners Inc Makes New Investment in CF Bankshares Inc. (NASDAQ:CFBK)

Rhino Investment Partners Inc bought a new stake in CF Bankshares Inc. (NASDAQ:CFBK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 217,580 shares of the savings and loans company's stock, valued at approximately $5,557,000. CF Bankshares makes up 1.2% of Rhino Investment Partners Inc's holdings, making the stock its 28th biggest position. Rhino Investment Partners Inc owned approximately 4.24% of CF Bankshares at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of CF Bankshares by 72.3% in the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company's stock valued at $808,000 after purchasing an additional 15,658 shares during the period. Aspiring Ventures LLC purchased a new stake in shares of CF Bankshares in the 4th quarter valued at approximately $469,000. Salzhauer Michael increased its holdings in shares of CF Bankshares by 4.6% during the 4th quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company's stock worth $684,000 after buying an additional 1,189 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of CF Bankshares during the 4th quarter valued at approximately $219,000. Finally, Truffle Hound Capital LLC acquired a new position in CF Bankshares in the fourth quarter valued at approximately $2,043,000. 41.06% of the stock is owned by institutional investors and hedge funds.

CF Bankshares Trading Up 2.1 %

CFBK stock traded up $0.50 during midday trading on Friday, hitting $23.80. 20,937 shares of the company's stock were exchanged, compared to its average volume of 12,476. CF Bankshares Inc. has a 1-year low of $16.92 and a 1-year high of $31.17. The business has a 50-day simple moving average of $21.94 and a two-hundred day simple moving average of $24.24. The stock has a market capitalization of $124.14 million, a PE ratio of 11.55 and a beta of 0.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, April 14th. CF Bankshares's payout ratio is 13.59%.

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.