CF Bankshares (NASDAQ:CFBK) Shares Cross Below Two Hundred Day Moving Average of $19.88

CF Bankshares Inc. (NASDAQ:CFBK)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.88 and traded as low as $19.02. CF Bankshares shares last traded at $19.15, with a volume of 2,113 shares.

CF Bankshares Price Performance

The company has a market cap of $98.14 million, a P/E ratio of 7.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $19.88.

CF Bankshares (NASDAQ:CFBK) last posted its quarterly earnings results on Tuesday, May 7th. The savings and loans company reported $0.47 earnings per share for the quarter. The firm had revenue of $12.19 million for the quarter. CF Bankshares had a return on equity of 10.17% and a net margin of 13.25%.

CF Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 18th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, April 17th. CF Bankshares’s dividend payout ratio is currently 10.00%.

Institutional Investors Weigh In On CF Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of CFBK. AJOVista LLC acquired a new stake in shares of CF Bankshares in the fourth quarter valued at approximately $25,000. Windsor Advisory Group LLC acquired a new stake in CF Bankshares during the fourth quarter worth approximately $390,000. Finally, Kennedy Capital Management LLC bought a new stake in shares of CF Bankshares during the first quarter worth approximately $619,000. 41.06% of the stock is owned by institutional investors.

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.