CF Bankshares Inc. (NASDAQ:CFBK) Sees Large Increase in Short Interest

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,500 shares, a growth of 19.3% from the February 28th total of 8,800 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CFBK. Rhino Investment Partners Inc purchased a new stake in CF Bankshares in the fourth quarter valued at approximately $5,557,000. Truffle Hound Capital LLC acquired a new position in shares of CF Bankshares in the 4th quarter valued at $2,043,000. Northern Trust Corp purchased a new stake in shares of CF Bankshares during the 4th quarter valued at $486,000. Aspiring Ventures LLC acquired a new position in CF Bankshares in the fourth quarter valued at $469,000. Finally, Geode Capital Management LLC grew its position in CF Bankshares by 72.3% during the third quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after acquiring an additional 15,658 shares during the period. Institutional investors and hedge funds own 41.06% of the company’s stock.

CF Bankshares Price Performance

CF Bankshares stock opened at $21.81 on Thursday. The stock has a market capitalization of $112.04 million, a P/E ratio of 10.59 and a beta of 0.44. CF Bankshares has a 12-month low of $16.92 and a 12-month high of $31.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $23.42 and its two-hundred day moving average is $24.36.

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

CF Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 16th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s dividend payout ratio (DPR) is 13.59%.

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.