Short Interest in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Decreases By 18.5%

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 264,600 shares, a decrease of 18.5% from the November 15th total of 324,800 shares. Based on an average daily trading volume, of 253,300 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company's stock are sold short.

CrossFirst Bankshares Trading Up 0.5 %

NASDAQ CFB traded up $0.09 during trading hours on Monday, reaching $17.00. The company had a trading volume of 107,796 shares, compared to its average volume of 242,548. CrossFirst Bankshares has a 1-year low of $10.64 and a 1-year high of $19.22. The stock has a market capitalization of $838.36 million, a P/E ratio of 11.56 and a beta of 1.06. The stock has a 50-day moving average of $16.81 and a 200 day moving average of $16.24. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce acquired 100 shares of the stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly owns 100 shares of the company's stock, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.30% of the company's stock.

Institutional Trading of CrossFirst Bankshares

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in shares of CrossFirst Bankshares during the third quarter worth about $25,000. Point72 DIFC Ltd purchased a new position in CrossFirst Bankshares in the 3rd quarter valued at approximately $93,000. Quest Partners LLC grew its stake in shares of CrossFirst Bankshares by 3,091.7% in the third quarter. Quest Partners LLC now owns 8,107 shares of the company's stock worth $135,000 after acquiring an additional 7,853 shares in the last quarter. Centiva Capital LP purchased a new stake in CrossFirst Bankshares during the 3rd quarter worth about $176,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of CrossFirst Bankshares during the third quarter worth about $211,000. Institutional investors and hedge funds 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.