CrossFirst Bankshares, Inc. (NASDAQ:CFB) Sees Significant Increase in Short Interest

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 276,200 shares, an increase of 6.5% from the January 15th total of 259,400 shares. Based on an average trading volume of 219,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s stock are short sold.

CrossFirst Bankshares Stock Up 1.0 %

Shares of CFB traded up $0.17 during mid-day trading on Tuesday, reaching $16.49. The company had a trading volume of 113,907 shares, compared to its average volume of 226,916. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day moving average price of $15.70 and a 200 day moving average price of $16.44. CrossFirst Bankshares has a 52 week low of $10.64 and a 52 week high of $19.22. The company has a market capitalization of $813.12 million, a price-to-earnings ratio of 10.57 and a beta of 1.07.

CrossFirst Bankshares (NASDAQ:CFB) last announced its earnings results on Tuesday, January 28th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a net margin of 15.18% and a return on equity of 11.06%. On average, sell-side analysts forecast that CrossFirst Bankshares will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in shares of CrossFirst Bankshares by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,393,631 shares of the company’s stock valued at $36,264,000 after acquiring an additional 188,767 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of CrossFirst Bankshares by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,328,731 shares of the company’s stock valued at $35,280,000 after acquiring an additional 24,230 shares during the last quarter. State Street Corp boosted its position in shares of CrossFirst Bankshares by 10.2% during the 3rd quarter. State Street Corp now owns 1,366,649 shares of the company’s stock valued at $22,809,000 after acquiring an additional 126,096 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CrossFirst Bankshares by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,079,471 shares of the company’s stock valued at $18,019,000 after acquiring an additional 41,590 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of CrossFirst Bankshares by 12.3% during the 4th quarter. American Century Companies Inc. now owns 951,243 shares of the company’s stock valued at $14,411,000 after acquiring an additional 104,564 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

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.