Aspiring Ventures LLC Invests $469,000 in CF Bankshares Inc. (NASDAQ:CFBK)

Aspiring Ventures LLC bought a new stake in shares of CF Bankshares Inc. (NASDAQ:CFBK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,369 shares of the savings and loans company’s stock, valued at approximately $469,000. CF Bankshares makes up approximately 0.3% of Aspiring Ventures LLC’s holdings, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFBK. Graham Capital Wealth Management LLC raised its position in CF Bankshares by 0.6% during the third quarter. Graham Capital Wealth Management LLC now owns 148,783 shares of the savings and loans company’s stock valued at $3,221,000 after purchasing an additional 923 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CF Bankshares by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after purchasing an additional 2,172 shares during the last quarter. De Lisle Partners LLP increased its position in shares of CF Bankshares by 10.4% during the 3rd quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock valued at $1,120,000 after purchasing an additional 4,843 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in CF Bankshares by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock valued at $808,000 after buying an additional 15,658 shares during the period. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Insider Transactions at CF Bankshares

In related news, CEO Timothy T. O’dell sold 20,522 shares of the business’s 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 sale, the chief executive officer now owns 292,621 shares in the company, valued at approximately $7,766,161.34. The trade was a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 23,297 shares of company stock worth $621,211. Insiders own 19.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CF Bankshares in a research note on Tuesday, November 12th. They set a “hold” rating for the company.

CF Bankshares Stock Performance

CF Bankshares stock opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $123.02 million, a P/E ratio of 11.81 and a beta of 0.57. CF Bankshares Inc. has a 1-year low of $16.92 and a 1-year high of $31.17. The company’s 50-day moving average is $25.53 and its 200 day moving average is $23.56.

CF Bankshares (NASDAQ:CFBK) last issued 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 return on equity of 8.20% and a net margin of 10.63%. The firm had revenue of $31.60 million for the quarter. During the same quarter in the previous year, the company posted $0.62 earnings per share.

CF Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 16th. CF Bankshares’s dividend payout ratio is currently 13.79%.

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.