Robert E. Hoeweler Acquires 1,000 Shares of CF Bankshares Inc. (NASDAQ:CFBK) Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Robert E. Hoeweler acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $21.80 per share, for a total transaction of $21,800.00. Following the purchase, the director now directly owns 66,062 shares of the company’s stock, valued at approximately $1,440,151.60. This trade represents a 1.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CF Bankshares Price Performance

CFBK opened at $21.73 on Friday. CF Bankshares Inc. has a twelve month low of $16.92 and a twelve month high of $31.17. The firm has a market cap of $111.39 million, a price-to-earnings ratio of 10.55 and a beta of 0.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $23.65 and a 200 day simple moving average of $24.28.

CF Bankshares (NASDAQ:CFBK) last announced its earnings results on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a return on equity of 8.25% and a net margin of 10.72%.

CF Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 16th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, January 16th. CF Bankshares’s dividend payout ratio (DPR) is currently 13.59%.

Institutional Trading of CF Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in CFBK. Millennium Management LLC bought a new position in CF Bankshares during the 4th quarter valued at $395,000. Citadel Advisors LLC acquired a new stake in shares of CF Bankshares in the 4th quarter valued at about $251,000. 683 Capital Management LLC bought a new position in shares of CF Bankshares during the fourth quarter worth about $340,000. Rhino Investment Partners Inc acquired a new position in CF Bankshares in the fourth quarter worth about $5,557,000. Finally, Northern Trust Corp bought a new stake in CF Bankshares in the fourth quarter valued at about $486,000. Institutional investors own 41.06% of the company’s stock.

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 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.