CrossFirst Bankshares (NASDAQ:CFB) Sees Strong Trading Volume - Should You Buy?

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) saw strong trading volume on Wednesday . 323,289 shares changed hands during trading, an increase of 107% from the previous session's volume of 156,213 shares.The stock last traded at $14.59 and had previously closed at $14.67.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Tuesday, September 10th.

CrossFirst Bankshares Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm's fifty day moving average price is $16.55 and its 200-day moving average price is $16.51. The firm has a market cap of $721.97 million, a price-to-earnings ratio of 9.96 and a beta of 1.07.

Insider Activity at CrossFirst Bankshares

In other news, Director George Bruce purchased 100 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $100,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrossFirst Bankshares

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in CrossFirst Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company's stock worth $26,228,000 after acquiring an additional 175,646 shares during the period. State Street Corp raised its stake in shares of CrossFirst Bankshares by 10.2% during the third quarter. State Street Corp now owns 1,366,649 shares of the company's stock worth $22,809,000 after purchasing an additional 126,096 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CrossFirst Bankshares by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,079,471 shares of the company's stock worth $18,019,000 after purchasing an additional 41,590 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CrossFirst Bankshares by 19.4% during the second quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock worth $10,343,000 after purchasing an additional 119,844 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its position in CrossFirst Bankshares by 4.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 480,250 shares of the company's stock valued at $8,015,000 after buying an additional 22,000 shares during the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

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.