Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Declines By 60.0%

CF Bankshares Inc. (NASDAQ:CFBKGet Rating) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, a decrease of 60.0% from the April 30th total of 4,500 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in CF Bankshares by 0.6% during the 4th quarter. Alliancebernstein L.P. now owns 525,230 shares of the savings and loans company’s stock valued at $10,783,000 after buying an additional 3,079 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of CF Bankshares by 15.1% in the 1st quarter. Ancora Advisors LLC now owns 252,105 shares of the savings and loans company’s stock worth $5,032,000 after purchasing an additional 33,015 shares during the period. First Manhattan Co. boosted its holdings in shares of CF Bankshares by 92.4% in the 1st quarter. First Manhattan Co. now owns 173,519 shares of the savings and loans company’s stock worth $3,869,000 after purchasing an additional 83,333 shares during the period. BHZ Capital Management LP boosted its holdings in shares of CF Bankshares by 12.7% in the 4th quarter. BHZ Capital Management LP now owns 74,721 shares of the savings and loans company’s stock worth $1,534,000 after purchasing an additional 8,418 shares during the period. Finally, McDonald Partners LLC purchased a new position in shares of CF Bankshares in the 1st quarter worth approximately $1,631,000. Institutional investors and hedge funds own 33.19% of the company’s stock.

Shares of CFBK opened at $21.08 on Friday. The business’s 50 day moving average is $21.44 and its 200 day moving average is $21.13. The company has a market capitalization of $110.65 million, a PE ratio of 8.43 and a beta of 0.71. CF Bankshares has a 12-month low of $18.25 and a 12-month high of $23.99. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.76.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 25th. Investors of record on Thursday, April 14th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, April 13th. CF Bankshares’s dividend payout ratio (DPR) is presently 6.40%.

Separately, Zacks Investment Research downgraded CF Bankshares from a “buy” rating to a “sell” rating in a report on Tuesday, May 10th.

About CF Bankshares (Get Rating)

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; construction and land loans; and consumer loans, such as home equity lines of credit, home improvement loans, and loans secured by deposits and purchased loans, as well as other loans.

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