CF Bankshares (NASDAQ:CFBK) Stock Passes Below 200 Day Moving Average of $16.84

Posted by Defense World Staff on Oct 20th, 2023

CF Bankshares Inc. (NASDAQ:CFBK – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.84 and traded as low as $15.36. CF Bankshares shares last traded at $15.36, with a volume of 681 shares changing hands.

CF Bankshares Stock Performance

The company’s fifty day simple moving average is $17.15 and its 200 day simple moving average is $16.84. 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 capitalization of $81.25 million, a P/E ratio of 5.67 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The savings and loans company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. The firm had revenue of $12.46 million during the quarter, compared to the consensus estimate of $13.10 million. CF Bankshares had a net margin of 18.84% and a return on equity of 13.13%.

CF Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, October 13th. CF Bankshares’s dividend payout ratio (DPR) is currently 8.86%.

Insider Buying and Selling

In other CF Bankshares news, CEO Timothy T. O’dell bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $17.08 per share, for a total transaction of $51,240.00. Following the transaction, the chief executive officer now directly owns 280,628 shares in the company, valued at $4,793,126.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Bankshares

A number of hedge funds have recently modified their holdings of CFBK. First Manhattan Co. increased its position in shares of CF Bankshares by 92.4% in the first quarter. First Manhattan Co. now owns 173,519 shares of the savings and loans company’s stock valued at $3,869,000 after acquiring an additional 83,333 shares during the period. PL Capital Advisors LLC purchased a new position in shares of CF Bankshares in the first quarter valued at about $727,000. Ancora Advisors LLC increased its position in shares of CF Bankshares by 15.1% in the first quarter. Ancora Advisors LLC now owns 252,105 shares of the savings and loans company’s stock valued at $5,032,000 after acquiring an additional 33,015 shares during the period. Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of CF Bankshares by 16.0% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 149,830 shares of the savings and loans company’s stock valued at $3,173,000 after purchasing an additional 20,714 shares in the last quarter. Finally, Retirement Income Solutions Inc bought a new stake in shares of CF Bankshares during the 1st quarter valued at about $359,000. Hedge funds and other institutional investors own 30.23% of the company’s stock.

CF Bankshares Company Profile

(Get Free Report)

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.