CF Bankshares Inc. (NASDAQ:CFBK) Sees Large Drop in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 6,800 shares, a decline of 19.0% from the April 30th total of 8,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On CF Bankshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Salzhauer Michael raised its stake in shares of CF Bankshares by 4.6% in the fourth quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company's stock worth $684,000 after purchasing an additional 1,189 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of CF Bankshares in the fourth quarter worth approximately $219,000. Truffle Hound Capital LLC acquired a new stake in shares of CF Bankshares in the fourth quarter worth approximately $2,043,000. Geode Capital Management LLC boosted its stake in shares of CF Bankshares by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company's stock worth $991,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in CF Bankshares by 17.0% during the fourth quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company's stock worth $1,111,000 after buying an additional 6,309 shares during the last quarter. Institutional investors own 41.06% of the company's stock.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK remained flat at $23.86 during mid-day trading on Friday. The company had a trading volume of 8,545 shares, compared to its average volume of 14,230. The stock's 50 day simple moving average is $22.63 and its 200 day simple moving average is $23.83. The company has a market capitalization of $124.55 million, a price-to-earnings ratio of 11.58 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 has a 52 week low of $16.92 and a 52 week high of $31.17.

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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Monday, April 14th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.17%. CF Bankshares's dividend payout ratio is currently 12.33%.

Wall Street Analysts Forecast Growth

CFBK has been the subject of a number of recent research reports. Piper Sandler set a $29.00 price target on CF Bankshares and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded CF Bankshares from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

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.