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

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 60,088 shares, a growth of 30.3% from the February 26th total of 46,128 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 57,442 shares, the short-interest ratio is currently 1.0 days.

CF Bankshares Price Performance

Shares of CFBK opened at $27.65 on Friday. The company has a market cap of $177.79 million, a P/E ratio of 10.28 and a beta of 0.40. CF Bankshares has a fifty-two week low of $19.22 and a fifty-two week high of $34.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $29.86 and its 200 day moving average price is $26.26.

CF Bankshares (NASDAQ:CFBK) last issued its quarterly earnings results on Thursday, February 5th. The savings and loans company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The company had revenue of $15.75 million during the quarter, compared to analysts’ expectations of $15.94 million. CF Bankshares had a net margin of 13.82% and a return on equity of 9.76%.

CF Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. This is a boost from CF Bankshares’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, January 15th. CF Bankshares’s dividend payout ratio (DPR) is 13.38%.

Analyst Ratings Changes

Separately, Weiss Ratings raised CF Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bridgeway Capital Management LLC increased its holdings in CF Bankshares by 1.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 27,097 shares of the savings and loans company’s stock worth $650,000 after purchasing an additional 441 shares during the period. CWM LLC acquired a new stake in CF Bankshares in the 3rd quarter valued at about $29,000. Russell Investments Group Ltd. purchased a new position in shares of CF Bankshares in the 3rd quarter valued at about $29,000. Dimensional Fund Advisors LP grew its position in shares of CF Bankshares by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 45,718 shares of the savings and loans company’s stock worth $1,095,000 after buying an additional 1,303 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of CF Bankshares by 1,305.7% during the second quarter. Bank of America Corp DE now owns 1,729 shares of the savings and loans company’s stock worth $41,000 after buying an additional 1,606 shares in the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

About CF Bankshares

CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.

The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.