Macnealy Hoover Investment Management Inc Lowers stake in Central Federal Corporation (CFBK)

Central Federal Corporation (CFBK) : Macnealy Hoover Investment Management Inc reduced its stake in Central Federal Corporation by 2.17% during the most recent quarter end. The investment management company now holds a total of 1,121,088 shares of Central Federal Corporation which is valued at $1,647,999 after selling 24,878 shares in Central Federal Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Central Federal Corporation makes up approximately 0.31% of Macnealy Hoover Investment Management Inc’s portfolio.

Central Federal Corporation closed down -0.02 points or -1.36% at $1.45 with 3,128 shares getting traded on Tuesday. Post opening the session at $1.49, the shares hit an intraday low of $1.45 and an intraday high of $1.49 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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