CrossFirst Bankshares, Inc. (NASDAQ:CFB) Sees Significant Drop in Short Interest

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 250,900 shares, a drop of 5.2% from the November 30th total of 264,600 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 232,700 shares, the days-to-cover ratio is presently 1.1 days.

Insider Activity

In other news, Director George Bruce purchased 100 shares of the company’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 $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On CrossFirst Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new position in CrossFirst Bankshares during the third quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new position in shares of CrossFirst Bankshares during the 3rd quarter valued at approximately $93,000. Quest Partners LLC boosted its position in shares of CrossFirst Bankshares by 3,091.7% during the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $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 $176,000. Finally, EP Wealth Advisors LLC bought a new stake in CrossFirst Bankshares in the third quarter worth $211,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Down 0.5 %

Shares of CFB opened at $15.15 on Thursday. The firm has a market cap of $747.12 million, a P/E ratio of 10.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. CrossFirst Bankshares has a 1 year low of $10.64 and a 1 year high of $19.22. The company has a 50 day simple moving average of $16.68 and a two-hundred day simple moving average of $16.45.

Wall Street Analysts Forecast Growth

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

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.