CrossFirst Bankshares (NASDAQ:CFB) Sees Strong Trading Volume – Should You Buy?

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw unusually-high trading volume on Wednesday . Approximately 323,289 shares were traded during trading, an increase of 107% from the previous session’s volume of 156,213 shares.The stock last traded at $14.59 and had previously closed at $14.67.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, September 10th.

CrossFirst Bankshares Trading Down 0.2 %

The stock’s 50 day simple moving average is $16.58 and its 200 day simple moving average is $16.52. 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 market cap of $721.97 million, a PE ratio of 9.96 and a beta of 1.07.

Insider Activity at CrossFirst Bankshares

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

Hedge Funds Weigh In On CrossFirst Bankshares

A number of large investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in shares of CrossFirst Bankshares in the third quarter worth approximately $25,000. Point72 DIFC Ltd purchased a new stake in CrossFirst Bankshares during the 3rd quarter valued at $93,000. Quest Partners LLC grew its holdings in CrossFirst Bankshares by 3,091.7% in the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after acquiring an additional 7,853 shares during the last quarter. Centiva Capital LP purchased a new position in shares of CrossFirst Bankshares in the third quarter valued at about $176,000. Finally, EP Wealth Advisors LLC bought a new position in shares of CrossFirst Bankshares during the third quarter valued at about $211,000. 56.29% of the stock is owned by hedge funds and other 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.