CrossFirst Bankshares (NASDAQ:CFB) Sees Unusually-High Trading Volume – Still a Buy?

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw unusually-high trading volume on Wednesday . Approximately 323,289 shares changed 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 Performance

The business has a 50 day moving average of $16.53 and a 200-day moving average of $16.49. The company has a market capitalization of $695.83 million, a P/E ratio of 9.60 and a beta of 1.07. 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 Activity

In related news, Director George Bruce bought 100 shares of the stock in a transaction that occurred on 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 purchase, the director now directly owns 100 shares of the company’s stock, valued at $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On CrossFirst Bankshares

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in CrossFirst Bankshares by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock worth $248,000 after acquiring an additional 1,157 shares in the last quarter. National Bank of Canada FI bought a new stake in CrossFirst Bankshares during the third quarter worth about $25,000. Rhumbline Advisers lifted its stake 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 purchasing an additional 1,895 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of CrossFirst Bankshares by 2.5% in the 2nd quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company’s stock worth $1,173,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Kavar Capital Partners Group LLC increased its position in shares of CrossFirst Bankshares by 2.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock valued at $2,115,000 after purchasing an additional 3,510 shares during the last quarter. 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.