Key Points
- Director Robert Hoeweler purchased 1,000 shares at $23.87 each on Dec. 15 for $23,870, raising his direct stake to 72,062 shares (a 1.41% ownership increase, valued at about $1.72M).
- CF Bankshares recently missed quarterly EPS estimates (reported $0.36 vs. $0.84 expected), pays a $0.08 quarterly dividend (≈1.3% yield), and has seen several analysts cut ratings to "Hold" with a consensus price target of $29.00.
CF Bankshares Inc. (NASDAQ:CFBK - Get Free Report) Director Robert Hoeweler acquired 1,000 shares of CF Bankshares stock in a transaction on Monday, December 15th. The shares were bought at an average price of $23.87 per share, for a total transaction of $23,870.00. Following the completion of the purchase, the director directly owned 72,062 shares in the company, valued at $1,720,119.94. The trade was a 1.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CF Bankshares Price Performance
Shares of CFBK stock opened at $24.36 on Wednesday. The firm has a fifty day moving average of $23.48 and a two-hundred day moving average of $23.91. The firm has a market cap of $155.17 million, a P/E ratio of 9.78 and a beta of 0.47. CF Bankshares Inc. has a 1-year low of $19.22 and a 1-year high of $26.96. 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 (NASDAQ:CFBK - Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The savings and loans company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.48). The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.88 million. CF Bankshares had a return on equity of 9.23% and a net margin of 12.78%.
CF Bankshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Monday, October 13th were given a $0.08 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. CF Bankshares's dividend payout ratio (DPR) is presently 12.85%.
Wall Street Analyst Weigh In
CFBK has been the topic of several research reports. Wall Street Zen lowered CF Bankshares from a "buy" rating to a "hold" rating in a research report on Saturday, November 15th. Weiss Ratings lowered shares of CF Bankshares from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 24th. Finally, Zacks Research cut shares of CF Bankshares from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $29.00.
Read Our Latest Stock Analysis on CFBK
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in CF Bankshares by 30.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,998 shares of the savings and loans company's stock worth $463,000 after buying an additional 4,910 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CF Bankshares during the first quarter valued at $263,000. Geode Capital Management LLC grew its position in shares of CF Bankshares by 108.4% during the second 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 last quarter. JPMorgan Chase & Co. bought a new position in shares of CF Bankshares during the second quarter worth about $44,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of CF Bankshares in the 2nd quarter worth about $278,000. Institutional investors and hedge funds own 41.06% of the company's stock.
About CF Bankshares
(
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 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.
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