CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Down 18.5% in November

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 264,600 shares, a decrease of 18.5% from the November 15th total of 324,800 shares. Based on an average trading volume of 253,300 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the company’s stock are short sold.

Analysts Set New Price Targets

CFB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Janney Montgomery Scott upgraded shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th.

Insider Buying and Selling

In related news, Director George Bruce bought 100 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now owns 100 shares of the company’s stock, valued at $100,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of CrossFirst Bankshares

A number of institutional investors have recently bought and sold shares of CFB. Principal Financial Group Inc. purchased a new position in shares of CrossFirst Bankshares in the 3rd quarter valued at about $482,000. FAS Wealth Partners Inc. purchased a new position in CrossFirst Bankshares during the second quarter worth about $177,000. Creative Planning boosted its holdings in CrossFirst Bankshares by 2.6% during the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock valued at $3,708,000 after acquiring an additional 6,749 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CrossFirst Bankshares during the third quarter worth $848,000. Finally, Comerica Bank acquired a new position in CrossFirst Bankshares during the 1st quarter worth $181,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

CrossFirst Bankshares Trading Up 0.5 %

NASDAQ CFB traded up $0.09 during trading on Monday, hitting $17.00. The stock had a trading volume of 107,796 shares, compared to its average volume of 242,355. CrossFirst Bankshares has a one year low of $10.64 and a one year high of $19.22. The stock has a 50 day simple moving average of $16.79 and a 200 day simple moving average of $16.21. The stock has a market capitalization of $838.36 million, a price-to-earnings ratio of 11.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

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.