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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 774,900 shares, a drop of 14.4% from the May 31st total of 905,200 shares. Based on an average daily volume of 173,300 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stephens restated an “overweight” rating and issued a $18.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods cut their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, CrossFirst Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Investors Weigh In On CrossFirst Bankshares

A number of hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC raised its stake in CrossFirst Bankshares by 182.8% during the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after purchasing an additional 2,294 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in CrossFirst Bankshares by 698.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock valued at $105,000 after acquiring an additional 6,792 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in CrossFirst Bankshares in the 1st quarter valued at approximately $138,000. Quadrature Capital Ltd bought a new stake in shares of CrossFirst Bankshares in the 4th quarter worth approximately $140,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of CrossFirst Bankshares by 279.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock worth $160,000 after purchasing an additional 8,647 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Stock Up 0.2 %

CFB stock traded up $0.03 during trading hours on Monday, hitting $14.05. The company’s stock had a trading volume of 278,963 shares, compared to its average volume of 175,490. The stock has a 50 day moving average price of $13.02 and a two-hundred day moving average price of $13.19. CrossFirst Bankshares has a 12 month low of $9.71 and a 12 month high of $15.07. The company has a market capitalization of $692.57 million, a PE ratio of 10.18 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings results on Monday, April 15th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $62.18 million during the quarter, compared to analysts’ expectations of $62.86 million. CrossFirst Bankshares had a return on equity of 10.86% and a net margin of 14.37%. On average, equities research analysts expect that CrossFirst Bankshares will post 1.44 earnings per share for the current year.

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.