Bullish indicating open at $55-$60, IPO prices at $37
In a recent transaction, Robert E. Hoeweler, a director at CF Bankshares Inc. (NASDAQ:CFBK), acquired 1,000 shares of common stock, valued at approximately $21,800. The shares were purchased at a price of $21.8006 each on March 11, 2025. The purchase comes as the stock trades at an attractive P/B ratio of 0.84 and a P/E of 10.58, with InvestingPro analysis indicating the stock is currently undervalued. Following this acquisition, Hoeweler’s total direct ownership in CF Bankshares stands at 66,062 shares. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission. The director’s purchase follows a significant price decline over the past three months, though the stock maintains a strong five-year return record and offers a 1.27% dividend yield. For comprehensive insider trading analysis and additional insights, InvestingPro subscribers have access to 6 more key tips about CFBK’s financial health and market position.
In other recent news, CF Bankshares Inc. has announced a stock repurchase program authorizing the buyback of up to 325,000 shares, which accounts for approximately 5% of its outstanding common stock. This initiative is scheduled to continue until January 31, 2026, with the company planning to purchase shares through open market or privately negotiated transactions. The decision to repurchase shares underscores the board’s confidence in the company’s value and commitment to enhancing shareholder value, as expressed by President and CEO Timothy T. O’Dell (NYSE:DELL). The specifics of the repurchase program, including the timing and volume of buybacks, will be determined by management based on market conditions and other relevant factors. The program is flexible and may be adjusted or halted at any time, reflecting the company’s strategic approach to managing its capital. These recent developments highlight CF Bankshares’ focus on shareholder value and strategic financial management.
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