CF Bankshares Inc. $CFBK Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its position in shares of CF Bankshares Inc. (NASDAQ:CFBK) by 30.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,998 shares of the savings and loans company’s stock after purchasing an additional 4,910 shares during the period. Goldman Sachs Group Inc. owned about 0.40% of CF Bankshares worth $463,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CFBK. Northern Trust Corp bought a new stake in shares of CF Bankshares in the fourth quarter worth $486,000. Millennium Management LLC bought a new stake in CF Bankshares during the fourth quarter valued at $395,000. Citadel Advisors LLC bought a new stake in CF Bankshares during the fourth quarter valued at $251,000. Truffle Hound Capital LLC increased its stake in CF Bankshares by 8.2% during the first quarter. Truffle Hound Capital LLC now owns 86,520 shares of the savings and loans company’s stock valued at $1,907,000 after purchasing an additional 6,520 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in CF Bankshares during the first quarter valued at $263,000. 41.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CF Bankshares

In other news, CEO Timothy T. O’dell sold 10,833 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $25.50, for a total value of $276,241.50. Following the transaction, the chief executive officer owned 290,121 shares in the company, valued at $7,398,085.50. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 20,000 shares of company stock valued at $508,735. 21.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of CF Bankshares from a “hold” rating to a “buy” rating in a research note on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, CF Bankshares has a consensus rating of “Buy” and a consensus price target of $29.00.

CF Bankshares Price Performance

Shares of NASDAQ CFBK opened at $24.30 on Friday. CF Bankshares Inc. has a twelve month low of $19.22 and a twelve month high of $31.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $140.21 million, a price-to-earnings ratio of 8.74 and a beta of 0.42. The firm has a 50-day moving average of $24.38 and a two-hundred day moving average of $23.43.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings data on Monday, August 4th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm had revenue of $15.58 million for the quarter, compared to the consensus estimate of $14.73 million. CF Bankshares had a return on equity of 10.44% and a net margin of 14.20%.

CF Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were issued a $0.08 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from CF Bankshares’s previous quarterly dividend of $0.07. CF Bankshares’s dividend payout ratio is currently 11.51%.

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.