CF Bankshares Inc. (NASDAQ:CFBK) Short Interest Down 16.2% in January

CF Bankshares Inc. (NASDAQ:CFBK) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 81,808 shares, a drop of 16.2% from the January 15th total of 97,677 shares. Based on an average daily volume of 43,868 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.6% of the company’s stock are short sold. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 43,868 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of CF Bankshares by 30.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company’s stock worth $463,000 after purchasing an additional 4,910 shares during the last quarter. Jane Street Group LLC purchased a new position in CF Bankshares during the 1st quarter worth $263,000. Geode Capital Management LLC lifted its stake in shares of CF Bankshares by 108.4% in the 2nd quarter. Geode Capital Management LLC now owns 86,433 shares of the savings and loans company’s stock worth $2,072,000 after acquiring an additional 44,963 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of CF Bankshares in the second quarter valued at about $44,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of CF Bankshares in the second quarter valued at about $278,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CFBK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CF Bankshares in a research note on Wednesday, January 21st. Wall Street Zen lowered CF Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.00.

CF Bankshares Stock Up 0.8%

CFBK stock opened at $31.81 on Monday. The company has a market cap of $202.63 million, a price-to-earnings ratio of 11.83 and a beta of 0.42. The company has a fifty day moving average price of $27.48 and a 200 day moving average price of $25.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 1.14. CF Bankshares has a 12 month low of $19.22 and a 12 month high of $34.33.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. CF Bankshares had a net margin of 13.82% and a return on equity of 9.87%. The company had revenue of $10.54 million for the quarter, compared to analyst estimates of $15.94 million.

CF Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Thursday, January 15th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.36 annualized dividend and a yield of 1.1%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. CF Bankshares’s dividend payout ratio (DPR) is currently 13.38%.

About CF Bankshares

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.