O’dell, CEO of CF Bankshares, sells $232k in stock

Timothy T. O’Dell, CEO of CF Bankshares INC. (NASDAQ:CFBK), a $160 million market cap financial institution currently trading at $24.80, sold 9,167 shares of common stock in two transactions on August 13 and 14, according to a recent Form 4 filing. InvestingPro analysis indicates the stock is currently overvalued based on its Fair Value model. The shares were sold at prices ranging from $25.0164 to $25.368, netting O’Dell approximately $232,474.

On August 13, O’Dell sold 8,957 shares. Following this transaction, O’Dell directly owns 301,164 shares. The following day, August 14, he sold an additional 210 shares, bringing his direct ownership to 300,954 shares.

Additionally, the report indicates that O’Dell indirectly owns 4,579 shares held by Colleen O’Dell as custodian for Sarah F. O’Dell, and 5,454 shares held by Colleen O’Dell as spouse. InvestingPro subscribers can access 7 more key insights about CFBK’s financial health, which is currently rated as "GOOD" by the platform’s comprehensive scoring system.

In other recent news, CF Bankshares Inc. held its Annual Meeting of Stockholders, where shareholders elected Thomas P. Ash, James H. Frauenberg, and David L. Royer as directors for three-year terms ending in 2028. The meeting included votes on key proposals, such as executive compensation, with a notable number of broker non-votes recorded. Additionally, CF Bankshares conducted its Annual Meeting virtually, providing presentation slides as part of the meeting materials, which were filed with the SEC.

Piper Sandler initiated coverage on CF Bankshares with an Overweight rating and set a price target of $29.00. This rating reflects Piper Sandler’s positive outlook on the bank’s financial prospects, citing an attractive valuation and improving profitability. The firm noted the bank’s successful navigation of lower interest rates and its strategic presence in Midwestern metropolitan markets. CF Bankshares has a commercial to consumer mix of about 70%/30% and maintains a significant presence in Columbus, Cleveland, Cincinnati, and Indianapolis.

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