CF Bankshares (NASDAQ:CFBK) Shares Pass Below 200-Day Moving Average – Here’s Why

CF Bankshares Inc. (NASDAQ:CFBK) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.37 and traded as low as $21.84. CF Bankshares shares last traded at $22.04, with a volume of 14,907 shares changing hands.

CF Bankshares Trading Down 1.1 %

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 company has a market cap of $113.22 million, a price-to-earnings ratio of 10.70 and a beta of 0.59. The company’s fifty day moving average is $23.48 and its two-hundred day moving average is $24.37.

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

CF Bankshares Dividend Announcement

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

Hedge Funds Weigh In On CF Bankshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cutter & CO Brokerage Inc. purchased a new position in CF Bankshares during the fourth quarter valued at approximately $219,000. Citadel Advisors LLC acquired a new stake in shares of CF Bankshares during the 4th quarter worth approximately $251,000. 683 Capital Management LLC purchased a new position in shares of CF Bankshares during the 4th quarter valued at approximately $340,000. Millennium Management LLC acquired a new position in shares of CF Bankshares in the 4th quarter valued at $395,000. Finally, Aspiring Ventures LLC purchased a new stake in CF Bankshares during the fourth quarter worth $469,000. 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.