CF Bankshares (NASDAQ:CFBK) Announces Quarterly Earnings Results

CF Bankshares (NASDAQ:CFBK) released its quarterly earnings results on Wednesday. The savings and loans company reported $0.68 EPS for the quarter, Zacks reports. CF Bankshares had a net margin of 10.63% and a return on equity of 8.20%.

CF Bankshares Trading Up 0.3 %

Shares of NASDAQ:CFBK traded up $0.09 on Wednesday, reaching $24.83. 1,510 shares of the company traded hands, compared to its average volume of 20,993. The business’s 50-day simple moving average is $24.74 and its 200 day simple moving average is $23.99. 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 52 week low of $16.92 and a 52 week high of $31.17. The stock has a market capitalization of $127.35 million, a P/E ratio of 12.23 and a beta of 0.57.

CF Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 16th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. CF Bankshares’s payout ratio is 13.79%.

Analysts Set New Price Targets

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

Insider Buying and Selling at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O’dell sold 2,278 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $27.28, for a total value of $62,143.84. Following the completion of the sale, the chief executive officer now owns 313,143 shares in the company, valued at approximately $8,542,541.04. This trade represents a 0.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.70% of the company’s stock.

About CF Bankshares

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.