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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw a significant 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. Based on an average daily trading volume, of 315,000 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

CFB has been the topic of several research analyst reports. Janney Montgomery Scott raised CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report 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 research note on Wednesday, August 28th.

Insider Activity at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce acquired 100 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $100,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 9.03% of the stock is owned by insiders.

Institutional Investors Weigh In On CrossFirst Bankshares

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of CrossFirst Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock worth $26,228,000 after acquiring an additional 175,646 shares in the last quarter. State Street Corp raised its position in shares of CrossFirst Bankshares by 10.2% in the 3rd quarter. State Street Corp now owns 1,366,649 shares of the company’s stock worth $22,809,000 after acquiring an additional 126,096 shares in the last quarter. American Century Companies Inc. raised its position in shares of CrossFirst Bankshares by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock worth $10,343,000 after acquiring an additional 119,844 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of CrossFirst Bankshares in the 2nd quarter worth approximately $990,000. Finally, XTX Topco Ltd bought a new position in shares of CrossFirst Bankshares in the 3rd quarter worth approximately $992,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Price Performance

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

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.