CF Bankshares CEO Timothy O'Dell Sells 20,522 Shares

Timothy T. O'Dell, the CEO of CF Bankshares Inc. (NASDAQ:CFBK), recently executed a sale of 20,522 shares of the company’s stock on December 16th. The shares were sold at an average price of $26.54, resulting in a total transaction value of $544,653.88. Following this sale, O'Dell now holds 292,621 shares, which are currently valued at around $7,766,161.34. This transaction represented a decline of 6.55% in his overall ownership of the stock.

CF Bankshares Stock Performance

On Tuesday, during midday trading, CF Bankshares’ stock rose by $0.63, reaching a price of $26.96. In total, 26,958 shares were traded, a significant increase compared to the average trading volume of 7,917 shares. The company has a market capitalization of $138.20 million, a price-to-earnings (P/E) ratio of 12.97, and a beta value of 0.55, indicating lower volatility compared to the market. Its fifty-day moving average currently stands at $26.41, while the 200-day moving average is at $22.68. Notably, CF Bankshares has recorded a 12-month low of $16.92 and a 12-month high of $31.17.

Recent Earnings Results

CF Bankshares last reported its quarterly earnings on October 30th, revealing earnings per share (EPS) of $0.65 for the quarter. The company achieved a net margin of 10.63% and a return on equity of 8.20%, generating a revenue of $31.60 million. This performance reflects an increase from the previous year’s EPS of $0.62 during the same period.

Dividend Increase

Recently, CF Bankshares announced an increase in its quarterly dividend, which was paid on October 19th. Shareholders on record as of October 11th received a dividend of $0.07. This change marks an increase from the prior quarterly dividend of $0.06, leading to an annualized dividend of $0.28 and a yield of 1.04%. The company's dividend payout ratio currently stands at 13.79%.

Institutional Investment Activities

Several institutional investors have been active with their stakes in CF Bankshares. For instance, Graham Capital Wealth Management LLC acquired a new stake valued at approximately $2,774,000 in the second quarter. Meanwhile, Dimensional Fund Advisors LP increased its ownership by 9.4%, now holding 25,243 shares worth $474,000. Additionally, De Lisle Partners LLP grew its stake by 10.4% and Geode Capital Management LLC boosted its stake by a considerable 72.3%. Presently, about 41.06% of CF Bankshares’ stock is owned by institutional investors.

Analyst Ratings Update

On another note, StockNews.com recently began coverage on CF Bankshares, assigning the company a “hold” rating, which suggests a neutral view on its stock performance.

About CF Bankshares Inc.

CF Bankshares Inc. serves as the holding company for CFBank, National Association, and offers various banking services throughout the United States. The company's offerings include savings accounts, checking accounts—both retail and business—and money market accounts, in addition to certificates of deposit. The bank also provides mortgage loans, commercial real estate financing, and treasury management services.

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