CF Bankshares (NASDAQ:CFBK) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

CF Bankshares Inc. (NASDAQ:CFBK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.32 and traded as low as $22.02. CF Bankshares shares last traded at $22.07, with a volume of 7,104 shares changing hands.

Wall Street Analyst Weigh In

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

CF Bankshares Trading Down 2.9 %

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 business’s fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $24.32. The stock has a market capitalization of $113.13 million, a P/E ratio of 10.71 and a beta of 0.59.

CF Bankshares (NASDAQ:CFBK) last announced its quarterly earnings data on Wednesday, February 12th. The savings and loans company reported $0.68 earnings per share (EPS) for the quarter. CF Bankshares had a net margin of 10.72% and a return on equity of 8.25%.

CF Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 16th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, January 16th. CF Bankshares’s dividend payout ratio is 13.59%.

Insider Activity

In related news, CEO Timothy T. O’dell sold 20,522 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $26.54, for a total transaction of $544,653.88. Following the completion of the sale, the chief executive officer now owns 292,621 shares in the company, valued at $7,766,161.34. This trade represents a 6.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 19.70% of the company’s stock.

Institutional Investors Weigh In On CF Bankshares

A number of hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $395,000. Citadel Advisors LLC acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $251,000. 683 Capital Management LLC acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $340,000. Rhino Investment Partners Inc acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $5,557,000. Finally, Northern Trust Corp acquired a new stake in shares of CF Bankshares during the 4th quarter worth about $486,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

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.