CrossFirst Bankshares (NASDAQ:CFB) Shares Gap Down – Here’s Why

CrossFirst Bankshares, Inc. (NASDAQ:CFB) gapped down prior to trading on Friday . The stock had previously closed at $17.41, but opened at $17.01. CrossFirst Bankshares shares last traded at $17.07, with a volume of 4,371 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on CFB. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th.

CrossFirst Bankshares Trading Down 0.9 %

The firm has a fifty day moving average of $16.79 and a 200 day moving average of $16.18. The firm has a market capitalization of $833.92 million, a PE ratio of 11.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost 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 $100,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CFB. Dimensional Fund Advisors LP increased its holdings in CrossFirst Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock worth $26,228,000 after purchasing an additional 175,646 shares during the last quarter. State Street Corp grew its position in shares of CrossFirst Bankshares by 10.2% during the third quarter. State Street Corp now owns 1,366,649 shares of the company’s stock worth $22,809,000 after buying an additional 126,096 shares in the last quarter. Geode Capital Management LLC grew its position in shares of CrossFirst Bankshares by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,079,471 shares of the company’s stock worth $18,019,000 after buying an additional 41,590 shares in the last quarter. American Century Companies Inc. increased its stake in shares of CrossFirst Bankshares by 19.4% in the second quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock worth $10,343,000 after buying an additional 119,844 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in CrossFirst Bankshares by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 480,250 shares of the company’s stock valued at $8,015,000 after acquiring an additional 22,000 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.