Marianne Mckinney Sells 400 Shares of CF Bankshares (NASDAQ:CFBK) Stock

CF Bankshares Inc. (NASDAQ:CFBK) COO Marianne Mckinney sold 400 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $35.36, for a total value of $14,144.00. Following the sale, the chief operating officer owned 14,219 shares of the company’s stock, valued at approximately $502,783.84. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CF Bankshares Trading Up 0.1%

Shares of NASDAQ:CFBK opened at $35.33 on Wednesday. CF Bankshares Inc. has a 12-month low of $22.10 and a 12-month high of $38.11. The business’s fifty day simple moving average is $34.60 and its 200-day simple moving average is $31.07. The company has a market capitalization of $226.82 million, a PE ratio of 12.14 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. CF Bankshares had a return on equity of 10.10% and a net margin of 15.10%.The firm had revenue of $16.55 million during the quarter, compared to analyst estimates of $16.30 million. As a group, equities research analysts predict that CF Bankshares Inc. will post 3.56 earnings per share for the current fiscal year.

CF Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, July 13th. CF Bankshares’s dividend payout ratio is presently 12.37%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CFBK. Piper Sandler reiterated an “overweight” rating and set a $40.00 price objective (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of CF Bankshares in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CF Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CFBK. Deutsche Bank AG purchased a new stake in CF Bankshares in the second quarter valued at approximately $164,000. Balanced Wealth Group LLC acquired a new stake in CF Bankshares during the 2nd quarter valued at approximately $232,000. Corient Private Wealth LP purchased a new stake in shares of CF Bankshares in the 2nd quarter valued at $387,000. Walleye Capital LLC purchased a new stake in shares of CF Bankshares in the 2nd quarter valued at $399,000. Finally, Man Group plc acquired a new stake in shares of CF Bankshares in the second quarter worth $418,000. 41.06% of the stock is owned by institutional investors and hedge funds.

About CF Bankshares

CF Bankshares Inc is the bank holding company for CFBank, a nationally chartered community bank headquartered in Columbus, Ohio. Through CFBank, the company provides banking services to individuals, businesses and commercial real estate clients.

CFBank’s products and services include checking and savings accounts, certificates of deposit, commercial and residential real estate lending, construction loans, business loans, consumer loans and mortgage banking. The bank also offers treasury management and other deposit and cash-management services designed to support business customers.

CFBank primarily serves customers in Ohio, with a focus on the Columbus and surrounding central Ohio markets as well as other communities served through its banking offices and lending operations.