CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Down 5.2% in December

by · The Markets Daily

CrossFirst Bankshares, Inc. (NASDAQ:CFB – Get Free Report) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 250,900 shares, a decrease of 5.2% from the November 30th total of 264,600 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 232,700 shares, the short-interest ratio is currently 1.1 days.

Insider Transactions at CrossFirst Bankshares

In other news, Director George Bruce bought 100 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrossFirst Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in CrossFirst Bankshares during the third quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new position in CrossFirst Bankshares during the third quarter worth about $93,000. Quest Partners LLC raised its stake in 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 buying an additional 7,853 shares during the period. Centiva Capital LP acquired a new position in shares of CrossFirst Bankshares during the 3rd quarter worth approximately $176,000. Finally, EP Wealth Advisors LLC bought a new position in CrossFirst Bankshares during the third quarter worth $211,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Report on CrossFirst Bankshares

CrossFirst Bankshares Stock Down 0.5 %

NASDAQ CFB traded down $0.07 on Wednesday, reaching $15.15. The company had a trading volume of 100,406 shares, compared to its average volume of 239,208. The company’s fifty day moving average is $16.68 and its 200-day moving average is $16.45. CrossFirst Bankshares has a 1-year low of $10.64 and a 1-year high of $19.22. The firm has a market capitalization of $747.12 million, a price-to-earnings ratio of 10.31 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.

CrossFirst Bankshares Company Profile

(Get Free Report)

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.

Featured Stories