Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Declines By 24.6%

CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 8,900 shares, a decrease of 24.6% from the March 31st total of 11,800 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,200 shares, the days-to-cover ratio is presently 0.7 days.

CF Bankshares Price Performance

Shares of CFBK stock remained flat at $23.88 during midday trading on Tuesday. 4,920 shares of the stock were exchanged, compared to its average volume of 12,484. The business's fifty day moving average price is $21.94 and its 200 day moving average price is $24.24. The stock has a market cap of $124.56 million, a price-to-earnings ratio of 11.59 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, April 14th. This represents a $0.28 annualized dividend and a yield of 1.17%. CF Bankshares's dividend payout ratio (DPR) is currently 13.59%.

Institutional Trading of CF Bankshares

Several large investors have recently modified their holdings of CFBK. Geode Capital Management LLC increased its position in CF Bankshares by 72.3% during the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company's stock worth $808,000 after buying an additional 15,658 shares in the last quarter. Aspiring Ventures LLC purchased a new position in shares of CF Bankshares during the 4th quarter worth $469,000. Truffle Hound Capital LLC acquired a new position in CF Bankshares in the fourth quarter valued at $2,043,000. 683 Capital Management LLC purchased a new position in CF Bankshares during the fourth quarter worth about $340,000. Finally, Rhino Investment Partners Inc acquired a new stake in CF Bankshares in the 4th quarter worth about $5,557,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

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.