Insider Buying: CF Bankshares Inc. (NASDAQ:CFBK) Director Purchases $21,800.00 in Stock

CF Bankshares Inc. (NASDAQ:CFBK) Director Robert E. Hoeweler bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $21.80 per share, for a total transaction of $21,800.00. Following the transaction, the director now directly owns 66,062 shares of the company’s stock, valued at $1,440,151.60. The trade was a 1.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CF Bankshares Price Performance

CF Bankshares stock opened at $21.73 on Friday. CF Bankshares Inc. has a 12 month low of $16.92 and a 12 month high of $31.17. The stock’s 50 day moving average is $23.58 and its 200-day moving average is $24.31. 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 company has a market capitalization of $111.39 million, a price-to-earnings ratio of 10.55 and a beta of 0.59.

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

CF Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, January 16th. CF Bankshares’s dividend payout ratio is currently 13.59%.

Institutional Investors Weigh In On CF Bankshares

A number of large investors have recently added to or reduced their stakes in CFBK. Cutter & CO Brokerage Inc. acquired a new stake in CF Bankshares during the fourth quarter worth approximately $219,000. Citadel Advisors LLC acquired a new stake in CF Bankshares during the fourth quarter worth approximately $251,000. 683 Capital Management LLC acquired a new stake in shares of CF Bankshares in the 4th quarter valued at $340,000. Millennium Management LLC acquired a new stake in shares of CF Bankshares in the 4th quarter valued at $395,000. Finally, Aspiring Ventures LLC acquired a new stake in shares of CF Bankshares in the 4th quarter valued at $469,000. Institutional investors and hedge funds own 41.06% 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.