Short Interest in CF Bankshares Inc. (NASDAQ:CFBK) Declines By 19.0%

CF Bankshares Inc. (NASDAQ:CFBK) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 6,800 shares, a drop of 19.0% from the April 30th total of 8,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 0.4 days.

CF Bankshares Trading Down 0.1%

Shares of NASDAQ CFBK opened at $23.90 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. CF Bankshares has a one year low of $16.92 and a one year high of $31.17. The business has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $23.87. The firm has a market capitalization of $124.76 million, a PE ratio of 11.60 and a beta of 0.38.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings results on Tuesday, May 6th. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, April 14th. CF Bankshares’s dividend payout ratio is 12.33%.

Institutional Investors Weigh In On CF Bankshares

Several large investors have recently made changes to their positions in the company. Cutter & CO Brokerage Inc. bought a new position in shares of CF Bankshares in the fourth quarter valued at about $219,000. Citadel Advisors LLC bought a new stake in shares of CF Bankshares during the fourth quarter worth $251,000. Jane Street Group LLC bought a new stake in shares of CF Bankshares during the first quarter worth $263,000. 683 Capital Management LLC acquired a new position in shares of CF Bankshares during the fourth quarter valued at $340,000. Finally, Millennium Management LLC bought a new position in CF Bankshares in the fourth quarter valued at about $395,000. Institutional investors own 41.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler set a $29.00 price objective on shares of CF Bankshares and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Wall Street Zen raised CF Bankshares from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th.

CF Bankshares Company Profile

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.