CF Bankshares Inc. (NASDAQ:CFBK) Sees Significant Decline in Short Interest

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

Institutional Trading of CF Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp bought a new position in shares of CF Bankshares in the 4th quarter valued at $486,000. Geode Capital Management LLC increased its holdings in CF Bankshares by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company's stock worth $991,000 after purchasing an additional 1,448 shares in the last quarter. 683 Capital Management LLC bought a new position in CF Bankshares in the fourth quarter valued at about $340,000. Truffle Hound Capital LLC acquired a new stake in shares of CF Bankshares during the fourth quarter valued at about $2,043,000. Finally, Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares during the fourth quarter valued at about $5,557,000. Institutional investors own 41.06% of the company's stock.

CF Bankshares Price Performance

CF Bankshares stock traded down $0.09 during midday trading on Wednesday, reaching $23.82. The company's stock had a trading volume of 10,447 shares, compared to its average volume of 14,113. CF Bankshares has a 52 week low of $16.92 and a 52 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 business has a 50-day moving average price of $22.52 and a 200-day moving average price of $23.87. The stock has a market cap of $124.34 million, a PE ratio of 11.56 and a beta of 0.38.

CF Bankshares (NASDAQ:CFBK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 earnings per share 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 business 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. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.18%. CF Bankshares's dividend payout ratio is currently 12.33%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler set a $29.00 price objective on shares of CF Bankshares and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen raised CF Bankshares from a "hold" rating to a "buy" rating in a report 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.