CF Bankshares (NASDAQ:CFBK) Shares Pass Below Fifty Day Moving Average – Here’s Why

CF Bankshares Inc. (NASDAQ:CFBK) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.72 and traded as low as $24.40. CF Bankshares shares last traded at $24.83, with a volume of 117,224 shares.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on CF Bankshares in a research report on Tuesday, November 12th. They set a “hold” rating on the stock.

CF Bankshares Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $23.23. The company has a market capitalization of $127.38 million, a price-to-earnings ratio of 12.23 and a beta of 0.55.

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

Insider Transactions at CF Bankshares

In other CF Bankshares news, CEO Timothy T. O’dell sold 20,522 shares of the company’s 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 directly owns 292,621 shares of the company’s stock, valued at approximately $7,766,161.34. This represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 23,297 shares of company stock valued at $621,211 in the last three months. 19.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CF Bankshares

Several hedge funds have recently made changes to their positions in CFBK. Graham Capital Wealth Management LLC raised its stake in CF Bankshares by 0.6% during 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. De Lisle Partners LLP raised its position in 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 valued at $1,120,000 after buying an additional 4,843 shares during the period. Geode Capital Management LLC lifted its stake in CF Bankshares by 72.3% in the 3rd quarter. Geode Capital Management LLC now owns 37,325 shares of the savings and loans company’s stock worth $808,000 after acquiring an additional 15,658 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 worth $474,000 after acquiring an additional 2,172 shares during the period. Hedge funds and other institutional investors 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.