Central Federal Co. (NASDAQ:CFBK) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,200 shares, a decrease of 53.8% from the July 31st total of 2,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,600 shares, the short-interest ratio is presently 0.2 days.
Central Federal stock traded down $0.02 during midday trading on Friday, reaching $12.16. 400 shares of the company traded hands, compared to its average volume of 6,711. The firm has a market capitalization of $53.89 million, a price-to-earnings ratio of 7.95 and a beta of 0.57. The business has a 50 day moving average of $12.02 and a two-hundred day moving average of $12.39. Central Federal has a 12 month low of $10.62 and a 12 month high of $16.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.10 and a quick ratio of 1.01.
Central Federal (NASDAQ:CFBK) last released its quarterly earnings results on Monday, August 12th. The savings and loans company reported $0.55 earnings per share for the quarter. Central Federal had a net margin of 17.47% and a return on equity of 13.45%. The business had revenue of $7.79 million for the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Central Federal in the second quarter worth approximately $26,000. Almanack Investment Partners LLC. purchased a new stake in shares of Central Federal in the second quarter worth $109,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Central Federal in the second quarter worth $134,000. Calamos Wealth Management LLC purchased a new stake in shares of Central Federal in the second quarter worth $143,000. Finally, BlackRock Inc. increased its stake in shares of Central Federal by 13.6% in the second quarter. BlackRock Inc. now owns 13,860 shares of the savings and loans company’s stock worth $167,000 after purchasing an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.
About Central Federal
Central Federal Corporation 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, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits, as well as other loans.
Further Reading: What is the Rule of 72?
Receive News & Ratings for Central Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Federal and related companies with MarketBeat.com's FREE daily email newsletter.