CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Update

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 324,800 shares, a drop of 7.8% from the October 31st total of 352,400 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 315,000 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

CFB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Janney Montgomery Scott raised CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, September 10th.

CrossFirst Bankshares Trading Down 1.8 %

Shares of NASDAQ:CFB traded down $0.31 during midday trading on Tuesday, reaching $17.26. The company’s stock had a trading volume of 151,505 shares, compared to its average volume of 226,132. The firm has a market cap of $851.09 million, a price-to-earnings ratio of 11.74 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. CrossFirst Bankshares has a 1 year low of $10.64 and a 1 year high of $19.22. The business has a 50 day moving average price of $16.62 and a 200 day moving average price of $15.95.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce purchased 100 shares of CrossFirst Bankshares stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 100 shares of the company’s stock, valued at $100,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.03% of the company’s stock.

Institutional Investors Weigh In On CrossFirst Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in CFB. National Bank of Canada FI purchased a new stake in CrossFirst Bankshares during the third quarter valued at about $25,000. Point72 DIFC Ltd purchased a new stake in CrossFirst Bankshares during the third quarter valued at about $93,000. Quest Partners LLC grew its position in CrossFirst Bankshares by 3,091.7% during the third 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 period. Centiva Capital LP purchased a new stake in CrossFirst Bankshares during the third quarter valued at about $176,000. Finally, EP Wealth Advisors LLC purchased a new stake in CrossFirst Bankshares during the third quarter valued at about $211,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.