CF Bankshares (NASDAQ:CFBK) COO Marianne Mckinney Sells 400 Shares

CF Bankshares Inc. (NASDAQ:CFBKGet Free Report) COO Marianne Mckinney sold 400 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $35.36, for a total transaction of $14,144.00. Following the sale, the chief operating officer owned 14,219 shares of the company’s stock, valued at approximately $502,783.84. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CF Bankshares Stock Up 0.3%

Shares of NASDAQ CFBK traded up $0.11 during midday trading on Monday, hitting $35.29. The stock had a trading volume of 60,384 shares, compared to its average volume of 54,275. The business’s 50 day moving average is $34.46 and its 200-day moving average is $31.00. CF Bankshares Inc. has a 52 week low of $22.10 and a 52 week high of $38.11. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.59. The company has a market cap of $226.42 million, a P/E ratio of 12.13 and a beta of 0.38.

CF Bankshares (NASDAQ:CFBKGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The savings and loans company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $16.55 million during the quarter, compared to the consensus estimate of $16.30 million. CF Bankshares had a net margin of 15.10% and a return on equity of 10.10%. As a group, analysts predict that CF Bankshares Inc. will post 3.56 EPS for the current year.

CF Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 13th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, July 13th. CF Bankshares’s dividend payout ratio is presently 12.37%.

Institutional Trading of CF Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFBK. BlackRock Inc. purchased a new position in CF Bankshares in the 2nd quarter worth approximately $12,378,000. Rhino Investment Partners Inc purchased a new position in shares of CF Bankshares in the first quarter worth $3,499,000. Renaissance Technologies LLC boosted its position in shares of CF Bankshares by 9.8% during the first quarter. Renaissance Technologies LLC now owns 94,479 shares of the savings and loans company’s stock worth $2,637,000 after acquiring an additional 8,400 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CF Bankshares by 48.4% during the first quarter. Dimensional Fund Advisors LP now owns 92,122 shares of the savings and loans company’s stock valued at $2,571,000 after acquiring an additional 30,045 shares in the last quarter. Finally, De Lisle Partners LLP purchased a new stake in CF Bankshares in the 2nd quarter worth $1,350,000. Institutional investors own 41.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CF Bankshares in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $40.00 target price (up from $36.00) on shares of CF Bankshares in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Read Our Latest Stock Report on CFBK

About CF Bankshares

(Get Free Report)

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.

Further Reading

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