CrossFirst Bankshares (NASDAQ:CFB) Sees Unusually-High Trading Volume – Here’s What Happened

CrossFirst Bankshares, Inc. (NASDAQ:CFB) shares saw unusually-high trading volume on Wednesday . Approximately 323,289 shares traded hands during mid-day 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.

CrossFirst Bankshares Stock Down 3.6 %

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’s 50-day moving average price is $16.53 and its 200-day moving average price is $16.49. The company has a market cap of $695.83 million, a P/E ratio of 9.60 and a beta of 1.07.

Insider Transactions at CrossFirst Bankshares

In related news, Director George Bruce bought 100 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now directly owns 100 shares of the company’s stock, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.30% of the stock is owned by insiders.

Institutional Trading of CrossFirst Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of CFB. The Manufacturers Life Insurance Company grew its stake in CrossFirst Bankshares by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock valued at $248,000 after purchasing an additional 1,157 shares during the period. National Bank of Canada FI bought a new position in CrossFirst Bankshares during the third quarter valued at about $25,000. Rhumbline Advisers increased its holdings in CrossFirst Bankshares by 2.6% during the second quarter. Rhumbline Advisers now owns 74,214 shares of the company’s stock worth $1,040,000 after buying an additional 1,895 shares during the last quarter. ClariVest Asset Management LLC raised its position in CrossFirst Bankshares by 2.5% in the second quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company’s stock worth $1,173,000 after acquiring an additional 2,073 shares during the period. Finally, Kavar Capital Partners Group LLC raised its position in CrossFirst Bankshares by 2.8% in the third quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock worth $2,115,000 after acquiring an additional 3,510 shares during the period. 56.29% of the stock is owned by hedge funds and other institutional investors.

About CrossFirst Bankshares

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.