CrossFirst Bankshares (NASDAQ:CFB) Shares Gap Down - Time to Sell?

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.59, but opened at $14.69. CrossFirst Bankshares shares last traded at $16.14, with a volume of 36,127 shares trading hands.

CrossFirst Bankshares Price Performance

The firm has a market capitalization of $784.28 million, a P/E ratio of 10.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50 day simple moving average of $16.03 and a two-hundred day simple moving average of $16.61.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a net margin of 14.52% and a return on equity of 10.72%. On average, sell-side analysts expect that CrossFirst Bankshares, Inc. will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On CrossFirst Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Entropy Technologies LP purchased a new stake in CrossFirst Bankshares during the 4th quarter valued at $153,000. Empowered Funds LLC grew its stake in shares of CrossFirst Bankshares by 5.1% in the fourth quarter. Empowered Funds LLC now owns 155,486 shares of the company's stock worth $2,356,000 after purchasing an additional 7,508 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in CrossFirst Bankshares during the 4th quarter valued at about $45,000. R Squared Ltd bought a new position in CrossFirst Bankshares during the 4th quarter valued at approximately $58,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in CrossFirst Bankshares by 24.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 26,064 shares of the company's stock worth $395,000 after buying an additional 5,116 shares during the period. Institutional investors 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.

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