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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 324,800 shares, a decline of 7.8% from the October 31st total of 352,400 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 315,000 shares, the days-to-cover ratio is currently 1.0 days.

CrossFirst Bankshares Price Performance

Shares of NASDAQ:CFB traded up $0.26 on Monday, hitting $17.57. The stock had a trading volume of 195,350 shares, compared to its average volume of 244,616. The firm’s 50 day moving average price is $16.61 and its 200-day moving average price is $15.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. CrossFirst Bankshares has a twelve month low of $10.64 and a twelve month high of $19.22. The company has a market capitalization of $866.46 million, a price-to-earnings ratio of 11.80 and a beta of 1.04.

Insider Buying and Selling

In other CrossFirst Bankshares news, Director George Bruce acquired 100 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at approximately $100,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

Institutional Trading of CrossFirst Bankshares

Several large investors have recently added to or reduced their stakes in CFB. National Bank of Canada FI acquired a new position in shares of CrossFirst Bankshares during the third quarter worth approximately $25,000. Point72 DIFC Ltd bought a new position in CrossFirst Bankshares in the 3rd quarter valued at $93,000. Quest Partners LLC increased its stake in shares of CrossFirst Bankshares by 3,091.7% in the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after buying an additional 7,853 shares during the period. Centiva Capital LP bought a new stake in shares of CrossFirst Bankshares during the third quarter worth $176,000. Finally, FAS Wealth Partners Inc. bought a new position in CrossFirst Bankshares in the second quarter valued at about $177,000. 56.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CFB. Janney Montgomery Scott upgraded 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. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th.

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.