Insider Buying: CF Bankshares Inc. (NASDAQ:CFBK) CEO Acquires 3,000 Shares of Stock

CF Bankshares Inc. (NASDAQ:CFBK) CEO Timothy T. O’dell bought 3,000 shares of CF Bankshares stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $17.08 per share, with a total value of $51,240.00. Following the acquisition, the chief executive officer now owns 280,628 shares of the company’s stock, valued at approximately $4,793,126.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CF Bankshares Price Performance

Shares of NASDAQ:CFBK traded down $0.43 during midday trading on Tuesday, hitting $16.10. 33,709 shares of the stock were exchanged, compared to its average volume of 4,531. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The stock has a market cap of $85.17 million, a P/E ratio of 6.10 and a beta of 0.57. CF Bankshares Inc. has a twelve month low of $14.74 and a twelve month high of $23.95. The company has a 50 day moving average price of $17.74 and a 200-day moving average price of $17.44.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings data on Thursday, August 3rd. The savings and loans company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. CF Bankshares had a return on equity of 13.13% and a net margin of 18.84%. The business had revenue of $12.46 million during the quarter, compared to analyst estimates of $13.10 million. On average, research analysts forecast that CF Bankshares Inc. will post 2.49 earnings per share for the current year.

CF Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, July 20th. CF Bankshares’s dividend payout ratio is 8.86%.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in CF Bankshares by 5.2% in the second quarter. BlackRock Inc. now owns 13,380 shares of the savings and loans company’s stock valued at $201,000 after acquiring an additional 656 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of CF Bankshares by 6.4% during the 4th quarter. Renaissance Technologies LLC now owns 11,704 shares of the savings and loans company’s stock worth $248,000 after purchasing an additional 704 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CF Bankshares by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 21,939 shares of the savings and loans company’s stock worth $333,000 after buying an additional 846 shares in the last quarter. UBS Group AG acquired a new stake in shares of CF Bankshares during the 3rd quarter valued at about $27,000. Finally, Wells Fargo & Company MN boosted its holdings in CF Bankshares by 65.9% during the second quarter. Wells Fargo & Company MN now owns 4,449 shares of the savings and loans company’s stock valued at $67,000 after purchasing an additional 1,768 shares in the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

About CF Bankshares

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 also 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.