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CrossFirst Bankshares (NASDAQ:CFB) Shares Gap Down - Here's Why

CrossFirst Bankshares logo with Finance background

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 $16.89, but opened at $16.35. CrossFirst Bankshares shares last traded at $16.34, with a volume of 12,053 shares changing hands.

CrossFirst Bankshares Trading Up 3.0 %

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 company has a 50 day simple moving average of $15.80 and a two-hundred day simple moving average of $16.51. The company has a market cap of $827.67 million, a PE ratio of 10.76 and a beta of 1.07.

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

Institutional Investors Weigh In On CrossFirst Bankshares

Large investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of CrossFirst Bankshares in the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in CrossFirst Bankshares during the fourth quarter worth approximately $45,000. R Squared Ltd bought a new stake in CrossFirst Bankshares during the fourth quarter worth approximately $58,000. Point72 DIFC Ltd bought a new stake in CrossFirst Bankshares during the third quarter worth approximately $93,000. Finally, KLP Kapitalforvaltning AS bought a new stake in CrossFirst Bankshares during the fourth quarter worth approximately $114,000. Institutional investors own 56.29% of the company's stock.

About CrossFirst Bankshares

(Get Free Report)

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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