CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Update

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 406,000 shares, a decrease of 8.0% from the September 30th total of 441,100 shares. Based on an average trading volume of 324,500 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company’s stock are sold short.

CrossFirst Bankshares Stock Performance

Shares of CFB traded down $0.09 during mid-day trading on Friday, reaching $15.61. 99,730 shares of the company’s stock traded hands, compared to its average volume of 244,901. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day moving average price is $16.69 and its 200-day moving average price is $15.21. The stock has a market capitalization of $769.42 million, a P/E ratio of 10.66 and a beta of 1.03. CrossFirst Bankshares has a 12 month low of $10.64 and a 12 month high of $19.22.

Insider Buying and Selling at CrossFirst Bankshares

In other news, Director George Bruce acquired 100 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now directly owns 100 shares of the company’s stock, valued at $100,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.30% of the stock is currently owned by insiders.

Institutional Trading of CrossFirst Bankshares

Several large investors have recently added to or reduced their stakes in CFB. Philip James Wealth Mangement LLC acquired a new position in shares of CrossFirst Bankshares during the third quarter valued at $659,000. Principal Financial Group Inc. bought a new position in CrossFirst Bankshares in the 3rd quarter valued at about $482,000. Kavar Capital Partners Group LLC increased its stake in CrossFirst Bankshares by 2.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock valued at $2,115,000 after buying an additional 3,510 shares during the period. SG Americas Securities LLC bought a new stake in shares of CrossFirst Bankshares during the 3rd quarter worth about $256,000. Finally, Creative Planning lifted its stake in shares of CrossFirst Bankshares by 2.6% in the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock worth $3,708,000 after acquiring an additional 6,749 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CFB. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 10th. Stephens restated an “overweight” rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $18.50.

About CrossFirst Bankshares

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.