Central Federal Corp (CFBK): Thomas P Ash , director of Central Federal Corp purchased 590 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.40 per share for a total value of $825.94 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, John W Jr Helmsdoerfer (CFO) purchased 1,000 shares at $1.39 per share price.On May 25, 2016, Thomas P Ash (director) purchased 410 shares at $1.35 per share price.Also, On May 20, 2016, Robert E Hoeweler (director) purchased 2,000 shares at $1.39 per share price.On Jun 2, 2015, Timothy T O’dell (CEO) purchased 9,100 shares at $1.38 per share price.
Central Federal Corporation: On Friday, May 27, 2016 heightened volatility was witnessed in Central Federal Corporation which led to swings in the share price. The shares opened for trading at $1.38 and hit $1.4 on the upside , eventually ending the session at $1.4, with a gain of 1.45% or 0.02 points. The heightened volatility saw the trading volume jump to 7,838 shares. The 52-week high of the share price is $1.5 and the company has a market cap of $22 M . The 52-week low of the share price is at $1.1.
Central Federal Corporation is a holding company of CFBank. CFBank is a savings institution. 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. The majority of the Company’s customers are small businesses small business owners and consumers. The Company’s primary sources of funds are retail and business deposit accounts and certificates of deposit brokered certificates of deposit and to a lesser extent principal and interest payments on loans and securities Federal Home Loan Bank (FHLB) advances other borrowings and proceeds from the sale of loans. The loan portfolio consists primarily of commercial commercial real estate and multi-family mortgage loans mortgage loans secured by single-family residences and consumer loans.