Stock News Summary: Central Federal Corporation (NASDAQ:CFBK)

Earnings News

Central Federal Corporation (NASDAQ:CFBK) holds 4.33 million shares outstanding and 3.56 million shares are floated in market. The company revealed recent move of 0.48% to $13.28.  Around 559 shares traded in most recent trading session compared to an average volume of 5.06K. The stock changed with return -1.60% over last weekly period.

The monthly performance of stock was observed at -9.33%. CFBK’s shares are moving at -0.45% for the quarter and managed a -2.61% return over the course of the past year and is now at -12.17% since this point in 2018.

Central Federal Corporation (NASDAQ:CFBK) reported financial results for the third quarter and year to date ended September 30, 2018.

Third Quarter Highlights

Net income increased 54% for the quarter, compared to the same quarter in 2017.

EPS (fully diluted) increased by 60% for the quarter to $0.24 compared to $0.15 per share during the same quarter in 2017 (adjusted for a 1.0-for-5.5 reverse stock split effective August 20, 2018).

Net loans grew by $87.1 million, or 21.4%, year to date.

Assets topped $600 million at September 30, 2018.

Book value at September 30, 2018 of $10.25 per share is up $0.77 year to date from December 31, 2017.

Net interest income grew by 33.6% compared to the same quarter of 2017.

Credit quality remains strong, and the ratio of ALLL to total loans is 1.40%.

Its quarter to quarter sales remained 40.50% and sales observed at 18.80% over past 5 years. The stock beta value is 0.36. CFBK stock changed at -3.13% distance from its 200-day moving average. On a similar note, the stock marked distance of -8.71% from its 50-day moving average and moved -4.92% away from its 20-day moving average. The average volatility for the week and month was at 0.62% and 2.22% respectively.

Cesar Melton is an author, journalist and CEO of, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Cesar has always been interested in the stock market and how it behaves.

As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Cesar observations and experience give him the insight to stock market patterns and the investor behaviors that create them.


Leave a Reply