Dimensional Fund Advisors LP Boosts Stock Position in CF Bankshares Inc. (NASDAQ:CFBK)

Dimensional Fund Advisors LP increased its stake in shares of CF Bankshares Inc. (NASDAQ:CFBK) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,710 shares of the savings and loans company’s stock after purchasing an additional 2,961 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.56% of CF Bankshares worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. acquired a new stake in CF Bankshares in the 4th quarter worth about $219,000. Aspiring Ventures LLC purchased a new stake in shares of CF Bankshares during the 4th quarter worth about $469,000. Salzhauer Michael grew its holdings in shares of CF Bankshares by 4.6% during the 4th quarter. Salzhauer Michael now owns 26,764 shares of the savings and loans company’s stock worth $684,000 after purchasing an additional 1,189 shares during the period. Geode Capital Management LLC grew its holdings in shares of CF Bankshares by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 38,773 shares of the savings and loans company’s stock worth $991,000 after purchasing an additional 1,448 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in shares of CF Bankshares by 17.0% during the 4th quarter. Kennedy Capital Management LLC now owns 43,488 shares of the savings and loans company’s stock worth $1,111,000 after purchasing an additional 6,309 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CF Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, May 8th.

CF Bankshares Stock Performance

CF Bankshares stock opened at $23.86 on Friday. The stock’s 50 day moving average price is $22.07 and its 200 day moving average price is $24.16. The firm has a market capitalization of $124.45 million, a PE ratio of 11.58 and a beta of 0.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. CF Bankshares Inc. has a one year low of $16.92 and a one year high of $31.17.

CF Bankshares (NASDAQ:CFBK) last released its quarterly earnings results on Tuesday, May 6th. The savings and loans company reported $0.68 EPS 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Monday, April 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date was Monday, April 14th. CF Bankshares’s dividend payout ratio (DPR) is presently 12.33%.

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.