Insider Buying: Central Federal Corporation (CFBK) CEO Purchases $38,784.96 in Stock

Central Federal Corporation (NASDAQ:CFBK) CEO Timothy T. O’dell purchased 17,956 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $2.16 per share, for a total transaction of $38,784.96. Following the completion of the purchase, the chief executive officer now directly owns 450,980 shares in the company, valued at $974,116.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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Central Federal Corporation (NASDAQ CFBK) traded up 0.11% during midday trading on Thursday, hitting $2.20. 15,939 shares of the company traded hands. The stock has a 50 day moving average price of $2.17 and a 200-day moving average price of $2.15. Central Federal Corporation has a 12-month low of $1.30 and a 12-month high of $3.64. The company has a market cap of $35.83 million, a PE ratio of 36.67 and a beta of 0.25.

Central Federal Corporation (NASDAQ:CFBK) last announced its earnings results on Wednesday, July 26th. The savings and loans company reported $0.02 earnings per share (EPS) for the quarter. Central Federal Corporation had a return on equity of 4.68% and a net margin of 11.24%. The business had revenue of $3.58 million for the quarter. Analysts expect that Central Federal Corporation will post ($0.01) EPS for the current year.

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Separately, ValuEngine raised shares of Central Federal Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

About Central Federal Corporation

Central Federal Corporation is a holding company of CFBank. CFBank is a national bank. The Company attracts retail and business deposits from the general public and use the deposits, together with borrowings and other funds, primarily to originate commercial and commercial real estate loans, single-family and multi-family residential mortgage loans and home equity lines of credit.