CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Up 6.5% in January

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 276,200 shares, a growth of 6.5% from the January 15th total of 259,400 shares. Based on an average trading volume of 219,800 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the shares of the stock are short sold.

CrossFirst Bankshares Price Performance

NASDAQ:CFB traded down $0.46 during midday trading on Friday, hitting $16.14. The company had a trading volume of 168,627 shares, compared to its average volume of 221,413. CrossFirst Bankshares has a 52-week low of $10.64 and a 52-week high of $19.22. The stock's fifty day moving average price is $15.67 and its 200-day moving average price is $16.45. The company has a market capitalization of $795.86 million, a PE ratio of 10.35 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. CrossFirst Bankshares had a net margin of 15.18% and a return on equity of 11.06%. As a group, research analysts expect that CrossFirst Bankshares will post 1.7 earnings per share for the current year.

Institutional Trading of CrossFirst Bankshares

Several institutional investors have recently added to or reduced their stakes in CFB. Alliancebernstein L.P. boosted its position in CrossFirst Bankshares by 868.0% during the fourth quarter. Alliancebernstein L.P. now owns 404,098 shares of the company's stock valued at $6,122,000 after buying an additional 362,353 shares during the period. AQR Arbitrage LLC boosted its position in CrossFirst Bankshares by 187.8% during the fourth quarter. AQR Arbitrage LLC now owns 319,186 shares of the company's stock valued at $4,836,000 after buying an additional 208,269 shares during the period. Dimensional Fund Advisors LP boosted its position in CrossFirst Bankshares by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,393,631 shares of the company's stock valued at $36,264,000 after buying an additional 188,767 shares during the period. Balyasny Asset Management L.P. boosted its position in CrossFirst Bankshares by 1,071.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 198,547 shares of the company's stock valued at $3,008,000 after buying an additional 181,593 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in CrossFirst Bankshares by 184.5% during the fourth quarter. JPMorgan Chase & Co. now owns 275,517 shares of the company's stock valued at $4,174,000 after buying an additional 178,658 shares during the period. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

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.