CrossFirst Bankshares (NASDAQ:CFB) Shares Gap Down - Should You Sell?

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.41, but opened at $17.01. CrossFirst Bankshares shares last traded at $17.07, with a volume of 4,371 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CFB. 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 report on Tuesday, September 10th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th.

CrossFirst Bankshares Trading Down 0.9 %

The firm's 50-day simple moving average is $16.79 and its 200 day simple moving average is $16.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $833.92 million, a price-to-earnings ratio of 11.50 and a beta of 1.06.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce bought 100 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 100 shares in the company, valued at $100,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CrossFirst Bankshares

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted 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 buying an additional 175,646 shares during the period. State Street Corp lifted its holdings 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 period. American Century Companies Inc. grew its stake in shares of CrossFirst Bankshares by 19.4% in 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 last quarter. Acadian Asset Management LLC acquired a new stake in CrossFirst Bankshares in the second quarter valued at $990,000. Finally, XTX Topco Ltd acquired a new stake in CrossFirst Bankshares in the third quarter valued at $992,000. 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.