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

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 561,300 shares, a decrease of 7.9% from the August 31st total of 609,500 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 381,600 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On CrossFirst Bankshares

A number of hedge funds have recently bought and sold shares of CFB. EntryPoint Capital LLC increased its holdings in CrossFirst Bankshares by 182.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock worth $49,000 after buying an additional 2,294 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in CrossFirst Bankshares during the first quarter valued at approximately $138,000. Quadrature Capital Ltd purchased a new stake in CrossFirst Bankshares in the fourth quarter worth approximately $140,000. Russell Investments Group Ltd. bought a new stake in CrossFirst Bankshares in the 1st quarter worth approximately $173,000. Finally, FAS Wealth Partners Inc. purchased a new stake in CrossFirst Bankshares during the 2nd quarter valued at $177,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Down 0.7 %

Shares of CFB traded down $0.12 on Friday, reaching $16.39. The stock had a trading volume of 321,236 shares, compared to its average volume of 245,613. CrossFirst Bankshares has a 12-month low of $9.75 and a 12-month high of $19.22. The firm has a market capitalization of $807.91 million, a price-to-earnings ratio of 11.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50-day simple moving average of $17.28 and a 200-day simple moving average of $14.73.

CrossFirst Bankshares (NASDAQ:CFB) last announced its 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. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. The business had revenue of $63.59 million during the quarter, compared to the consensus estimate of $63.66 million. Sell-side analysts predict that CrossFirst Bankshares will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

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

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.