CrossFirst Bankshares (NASDAQ:CFB) Sees Unusually-High Trading Volume

CrossFirst Bankshares, Inc. (NASDAQ:CFB) shares saw strong trading volume on Thursday . 152,031 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 233,704 shares.The stock last traded at $17.16 and had previously closed at $17.23.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, CrossFirst Bankshares currently has an average rating of “Moderate Buy” and an average target price of $17.67.

CrossFirst Bankshares Stock Down 0.6 %

The business’s 50 day simple moving average is $16.77 and its 200 day simple moving average is $14.29. The company has a market capitalization of $829.11 million, a PE ratio of 12.19 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings data on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. The firm had revenue of $63.59 million for the quarter, compared to analyst estimates of $63.66 million. As a group, analysts forecast that CrossFirst Bankshares, Inc. will post 1.52 EPS for the current year.

Institutional Trading of CrossFirst Bankshares

Several large investors have recently made changes to their positions in CFB. EntryPoint Capital LLC increased its position in CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock worth $49,000 after acquiring an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of CrossFirst Bankshares in the 1st quarter valued at $138,000. Quadrature Capital Ltd bought a new stake in CrossFirst Bankshares during the 4th quarter worth about $140,000. Russell Investments Group Ltd. bought a new stake in shares of CrossFirst Bankshares during the first quarter worth approximately $173,000. Finally, FAS Wealth Partners Inc. bought a new stake in shares of CrossFirst Bankshares during the 2nd quarter valued at $177,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Company Profile

CrossFirst Bankshares, Inc operates as the bank holding company for CrossFirst Bank that provides various banking and financial services to businesses, business owners, professionals, and its personal networks. The company offers commercial and industrial loans, including enterprise value lending; commercial real estate loans; construction and development loans, such as home builder lending; residential real estate, multifamily real estate, energy, SBA, and consumer loans; and credit cards.