CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Down 7.9% in September

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the recipient of a significant decrease in short interest during the month of 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. Based on an average daily trading volume, of 381,600 shares, the short-interest ratio is currently 1.5 days. Approximately 1.4% of the company’s stock are sold short.

CrossFirst Bankshares Stock Performance

NASDAQ CFB traded down $0.12 during trading on Friday, hitting $16.39. 321,236 shares of the company’s stock traded hands, compared to its average volume of 245,613. The stock 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 business has a 50 day moving average of $17.28 and a 200-day moving average of $14.73. CrossFirst Bankshares has a 12-month low of $9.75 and a 12-month high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings data on Monday, July 15th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. The company had revenue of $63.59 million during the quarter, compared to the consensus estimate of $63.66 million. As a group, equities research analysts anticipate that CrossFirst Bankshares will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of CrossFirst Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of CrossFirst Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company’s stock valued at $31,401,000 after acquiring an additional 22,073 shares during the period. Dimensional Fund Advisors LP raised its stake in CrossFirst Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock valued at $26,228,000 after purchasing an additional 175,646 shares in the last quarter. American Century Companies Inc. grew its stake in CrossFirst Bankshares by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock worth $10,343,000 after buying an additional 119,844 shares in the last quarter. Creative Planning grew its stake in CrossFirst Bankshares by 2.6% in the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock worth $3,708,000 after buying an additional 6,749 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of CrossFirst Bankshares by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company’s stock worth $2,901,000 after buying an additional 13,863 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CFB. Stephens restated an “overweight” rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.