Short Interest in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Declines By 7.8%

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 324,800 shares, a drop of 7.8% from the October 31st total of 352,400 shares. Currently, 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 presently 1.0 days.

CrossFirst Bankshares Trading Up 0.8 %

CFB stock traded up $0.13 during mid-day trading on Wednesday, reaching $17.39. The company’s stock had a trading volume of 49,396 shares, compared to its average volume of 243,372. The company has a market cap of $857.50 million, a price-to-earnings ratio of 11.74 and a beta of 1.06. The business’s 50 day moving average price is $16.63 and its 200 day moving average price is $15.97. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. CrossFirst Bankshares has a 12 month low of $10.64 and a 12 month high of $19.22.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CFB. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, September 10th.

Insider Buying and Selling

In related news, Director George Bruce acquired 100 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost 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 in the company, valued at $100,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrossFirst Bankshares

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in CrossFirst Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company’s stock valued at $31,401,000 after acquiring an additional 22,073 shares during the period. Dimensional Fund Advisors LP grew its stake in CrossFirst Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock valued at $26,228,000 after acquiring an additional 175,646 shares during the period. State Street Corp grew its stake in CrossFirst Bankshares by 10.2% in the third 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 period. Geode Capital Management LLC grew its stake in CrossFirst Bankshares by 4.0% in the third 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 period. Finally, American Century Companies Inc. grew its stake in CrossFirst Bankshares by 19.4% in the second quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock valued at $10,343,000 after acquiring an additional 119,844 shares during the period. 56.29% of the stock is currently owned by institutional investors.

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.