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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 264,600 shares, a decline of 18.5% from the November 15th total of 324,800 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 253,300 shares, the short-interest ratio is presently 1.0 days.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce bought 100 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now directly owns 100 shares of the company’s stock, valued at approximately $100,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in CrossFirst Bankshares during the third quarter worth $25,000. Point72 DIFC Ltd acquired a new position in CrossFirst Bankshares during the 3rd quarter worth about $93,000. Quest Partners LLC boosted its stake in shares of CrossFirst Bankshares by 3,091.7% in the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after purchasing an additional 7,853 shares during the period. Centiva Capital LP acquired a new position in shares of CrossFirst Bankshares in the third quarter valued at approximately $176,000. Finally, FAS Wealth Partners Inc. purchased a new stake in CrossFirst Bankshares during the 2nd quarter worth approximately $177,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CFB shares. 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 note on Tuesday, September 10th. 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.

CrossFirst Bankshares Trading Up 0.3 %

CFB stock traded up $0.05 during midday trading on Monday, hitting $16.96. 57,988 shares of the company’s stock were exchanged, compared to its average volume of 242,318. The business has a 50-day simple moving average of $16.79 and a two-hundred day simple moving average of $16.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $836.38 million, a PE ratio of 11.50 and a beta of 1.06. CrossFirst Bankshares has a 1-year low of $10.64 and a 1-year high of $19.22.

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.