CF Bankshares Inc. (NASDAQ:CFBK) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in CF Bankshares Inc. (NASDAQ:CFBK) by 72.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,325 shares of the savings and loans company’s stock after acquiring an additional 15,658 shares during the period. Geode Capital Management LLC owned 0.73% of CF Bankshares worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Graham Capital Wealth Management LLC boosted its position in shares of CF Bankshares by 0.6% in the 3rd 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 boosted its holdings in shares of CF Bankshares by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 25,243 shares of the savings and loans company’s stock valued at $474,000 after acquiring an additional 2,172 shares during the period. Finally, De Lisle Partners LLP grew its position in shares of CF Bankshares by 10.4% during the third quarter. De Lisle Partners LLP now owns 51,498 shares of the savings and loans company’s stock worth $1,120,000 after acquiring an additional 4,843 shares during the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Timothy T. O’dell sold 2,278 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $27.28, for a total transaction of $62,143.84. Following the transaction, the chief executive officer now directly owns 313,143 shares of the company’s stock, valued at $8,542,541.04. This represents a 0.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 23,297 shares of company stock valued at $621,211 over the last quarter. Corporate insiders own 19.70% of the company’s stock.

CF Bankshares Stock Performance

Shares of CFBK stock opened at $21.67 on Friday. The stock’s 50-day moving average price is $26.60 and its 200 day moving average price is $23.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $111.08 million, a PE ratio of 10.67 and a beta of 0.57. CF Bankshares Inc. has a 52-week low of $16.92 and a 52-week high of $31.17.

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

CF Bankshares Announces Dividend

The company 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 $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, January 16th. CF Bankshares’s dividend payout ratio (DPR) is presently 13.79%.

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.