CF Bankshares Inc. (NASDAQ:CFBK) Plans $0.07 Quarterly Dividend

CF Bankshares Inc. (NASDAQ:CFBK) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.07 per share by the savings and loans company on Monday, January 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, January 16th.

CF Bankshares has raised its dividend payment by an average of 24.4% annually over the last three years.

CF Bankshares Price Performance

CFBK stock traded down $1.02 during midday trading on Tuesday, reaching $23.81. The stock had a trading volume of 24,694 shares, compared to its average volume of 45,424. CF Bankshares has a 52-week low of $16.92 and a 52-week 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 0.75. The company’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $23.23. The company has a market cap of $122.15 million, a price-to-earnings ratio of 11.73 and a beta of 0.55.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported $0.65 earnings per share for the quarter. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%. The firm had revenue of $31.60 million for the quarter. During the same period in the prior year, the business posted $0.62 earnings per share.

Insider Transactions at CF Bankshares

In related news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $26.54, for a total value of $544,653.88. Following the completion of the transaction, the chief executive officer now directly owns 292,621 shares in the company, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 23,297 shares of company stock worth $621,211 in the last quarter. Company insiders own 19.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on CF Bankshares in a research report on Tuesday, November 12th. They issued a “hold” rating for the company.

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.