Central Federal (NASDAQ:CFBK) Posts Quarterly Earnings Results

Central Federal (NASDAQ:CFBK) released its earnings results on Wednesday, April 24th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $6.79 million for the quarter. Central Federal had a net margin of 16.31% and a return on equity of 11.52%.

Central Federal stock traded up $0.11 during mid-day trading on Friday, reaching $12.68. 2,847 shares of the company’s stock were exchanged, compared to its average volume of 5,257. Central Federal has a twelve month low of $10.62 and a twelve month high of $16.95. The firm has a market cap of $55.97 million, a PE ratio of 10.18 and a beta of 0.62. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.75.

In other news, Director David L. Royer acquired 5,000 shares of Central Federal stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $13.42 per share, for a total transaction of $67,100.00. Following the acquisition, the director now owns 6,650 shares of the company’s stock, valued at $89,243. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 6,375 shares of company stock worth $84,703 over the last 90 days. Company insiders own 18.60% of the company’s stock.

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About Central Federal

Central Federal Corporation operates as the bank holding company for CFBank that provides various financial 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.

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Earnings History for Central Federal (NASDAQ:CFBK)

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