Short Interest in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Drops By 8.0%

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 406,000 shares, a decrease of 8.0% from the September 30th total of 441,100 shares. Currently, 1.0% of the company's stock are sold short. Based on an average daily trading volume, of 324,500 shares, the days-to-cover ratio is currently 1.3 days.

CrossFirst Bankshares Trading Up 0.7 %

Shares of NASDAQ:CFB traded up $0.12 during trading on Wednesday, hitting $16.17. 187,565 shares of the company's stock were exchanged, compared to its average volume of 245,814. The firm has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $15.21. The firm has a market cap of $796.97 million, a P/E ratio of 11.00 and a beta of 1.03. CrossFirst Bankshares has a 1-year low of $10.39 and a 1-year high of $19.22. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On CrossFirst Bankshares

Hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC boosted its stake in shares of CrossFirst Bankshares by 182.8% during the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company's stock worth $49,000 after buying an additional 2,294 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in CrossFirst Bankshares in the 1st quarter valued at $138,000. Russell Investments Group Ltd. bought a new stake in CrossFirst Bankshares during the first quarter worth about $173,000. FAS Wealth Partners Inc. bought a new position in CrossFirst Bankshares in the second quarter valued at approximately $177,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of CrossFirst Bankshares by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company's stock worth $178,000 after buying an additional 1,082 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company's stock.

Analyst Ratings Changes

CFB has been the subject of a number of research reports. Stephens reissued an "overweight" rating and issued a $17.00 price target on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $18.50.

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.