Stock Analysis Report

Executive Summary

Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States.

Snowflake Analysis

Flawless balance sheet with proven track record.

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Share Price & News

How has Central Federal's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: CFBK has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




US Mortgage


US Market

1 Year Return




US Mortgage


US Market

Return vs Industry: CFBK exceeded the US Mortgage industry which returned -25.4% over the past year.

Return vs Market: CFBK underperformed the US Market which returned -10.4% over the past year.

Shareholder returns

7 Day-2.7%9.0%7.2%
30 Day-29.0%-25.1%-12.6%
90 Day-28.9%-33.7%-19.4%
1 Year-22.8%-22.8%-23.6%-25.4%-8.5%-10.4%
3 Year-12.9%-12.9%-17.0%-22.9%15.8%8.3%
5 Year26.1%26.1%4.2%-7.5%35.8%21.0%

Price Volatility Vs. Market

How volatile is Central Federal's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Central Federal undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CFBK ($9.92) is trading above our estimate of fair value ($7.17)

Significantly Below Fair Value: CFBK is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: CFBK is good value based on its PE Ratio (4.8x) compared to the Mortgage industry average (10.6x).

PE vs Market: CFBK is good value based on its PE Ratio (4.8x) compared to the US market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CFBK's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: CFBK is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.8x).

Next Steps

Future Growth

How is Central Federal forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Central Federal has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Central Federal performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CFBK has a high level of non-cash earnings.

Growing Profit Margin: CFBK's current net profit margins (28.1%) are higher than last year (21%).

Past Earnings Growth Analysis

Earnings Trend: CFBK's earnings have grown significantly by 41.8% per year over the past 5 years.

Accelerating Growth: CFBK's earnings growth over the past year (116.6%) exceeds its 5-year average (41.8% per year).

Earnings vs Industry: CFBK earnings growth over the past year (116.6%) exceeded the Mortgage industry 11.1%.

Return on Equity

High ROE: CFBK's Return on Equity (11.9%) is considered low.

Next Steps

Financial Health

How is Central Federal's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: CFBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: CFBK's debt is covered by short term assets (assets are 4.3x debt).

Financial Institutions Analysis

Asset Level: CFBK's level of assets compared to its equity is moderate.

Allowance for Bad Loans: CFBK has a sufficient allowance for bad loans.

Low Risk Liabilities: CFBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: CFBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CFBK's loans are broadly funded by customer deposits.

Level of Bad Loans: CFBK has an appropriate level of bad loans (0.36%)

Next Steps


What is Central Federal's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CFBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CFBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CFBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CFBK's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: CFBK is not paying a notable dividend for the US market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CFBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Tim O’Dell (66yo)





Mr. Timothy T. O’Dell, also known as Tim, has been the Chief Executive Officer and President of Central Federal Corporation and CFBank, National Association since August 23, 2012 and October 9, 2015 respec ...

CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD740.96K) is about average for companies of similar size in the US market ($USD602.37K).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

Leadership Team

Timothy O’Dell
President7.58yrsUS$740.96k3.84% $2.0m
John Helmsdoerfer
Executive VP7yrsUS$483.03k0.57% $305.8k
Steve Nitzsche
Senior VP & Equipment Finance Manager2.25yrsno datano data
Barbara Pyke
Corporate Secretaryno datano datano data
Paul Souleyrette
Market President of Cincinnati Market 2.67yrsno datano data
Charles Standley
VP of Commercial & Consumer Lending for Central Federal Savings & Loan Association for Wellsvilleno dataUS$206.21kno data
Deborah Jacob
Assistant Secretary of Central Federal Bankno datano datano data
Laura Martin
Assistant Secretary and Assistant Secretary of Central Federal Bankno datano datano data
Daniel Galeoti
Vice President of Central Federal Bankno dataUS$100.09kno data
Dana Sutphin
Vice President of Enterprise Risk & Internal Audit of Cfbankno datano datano data


Average Tenure


Average Age

Experienced Management: CFBK's management team is considered experienced (4.8 years average tenure).

Board Members

Timothy O’Dell
President7.58yrsUS$740.96k3.84% $2.0m
Robert Hoeweler
Chairman of the Board7.58yrsUS$129.31k0.78% $416.7k
Thomas Ash
Independent Director22.17yrsUS$88.31k0.44% $233.3k
James Frauenberg
Independent Director7.58yrsUS$74.59k1.76% $935.6k
John Pietrzak
Director0.25yrno data0.031% $16.4k
Robert Milbourne
Independent Director6.83yrsUS$112.53k0.52% $279.3k
Edward Cochran
Independent Director7.25yrsUS$74.59k5.65% $3.0m
David Royer
Independent Director1.67yrsUS$37.30k0.21% $112.6k


Average Tenure


Average Age

Experienced Board: CFBK's board of directors are considered experienced (7.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CFBK insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.

Top Shareholders

Company Information

Central Federal Corporation's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Central Federal Corporation
  • Ticker: CFBK
  • Exchange: NasdaqCM
  • Founded: 1892
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$53.309m
  • Shares outstanding: 5.37m
  • Website:

Number of Employees


  • Central Federal Corporation
  • 7000 North High Street
  • Worthington
  • Ohio
  • 43085
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFBKNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDDec 1998


Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and 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. In addition, the company provides Internet and mobile banking, remote deposit, and corporate treasury management services. As of December 31, 2018, it operated five branch offices located in Franklin, Hamilton, Summit, and Columbiana Counties; and a loan production office located in Franklin County; and an agency office located in Cuyahoga County, Ohio. Central Federal Corporation was founded in 1892 and is based in Worthington, Ohio. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 02:08
End of Day Share Price2020/03/30 00:00
Annual Earnings2019/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.