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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 609,500 shares, a decline of 29.1% from the August 15th total of 859,500 shares. Based on an average trading volume of 368,200 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.5% of the company’s shares are sold short.

Institutional Trading of CrossFirst Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC boosted its holdings in CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after acquiring an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in CrossFirst Bankshares in the 1st quarter valued at approximately $138,000. Quadrature Capital Ltd bought a new position in CrossFirst Bankshares in the 4th quarter worth approximately $140,000. Russell Investments Group Ltd. acquired a new position in shares of CrossFirst Bankshares during the first quarter worth approximately $173,000. Finally, FAS Wealth Partners Inc. bought a new stake in shares of CrossFirst Bankshares in the second quarter valued at approximately $177,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Up 0.6 %

NASDAQ:CFB traded up $0.11 during mid-day trading on Friday, reaching $17.22. The stock had a trading volume of 234,989 shares, compared to its average volume of 241,912. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $848.83 million, a P/E ratio of 12.48 and a beta of 1.03. The business’s 50 day moving average is $17.06 and its 200 day moving average is $14.44. CrossFirst Bankshares has a fifty-two week low of $9.71 and a fifty-two week high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings results on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $63.59 million for the quarter, compared to the consensus estimate of $63.66 million. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. As a group, sell-side analysts predict that CrossFirst Bankshares will post 1.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CFB shares. Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Finally, Stephens restated an “overweight” rating and set a $17.00 price target on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.50.

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.