Short Interest in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Declines By 13.2%

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 352,400 shares, a decline of 13.2% from the October 15th total of 406,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 310,900 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFB. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott upgraded 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. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $18.50.

Insiders Place Their Bets

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 100 shares in the company, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of CrossFirst Bankshares by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company's stock valued at $26,228,000 after purchasing an additional 175,646 shares in the last quarter. State Street Corp lifted its position in CrossFirst Bankshares by 10.2% during the third quarter. State Street Corp now owns 1,366,649 shares of the company's stock valued at $22,809,000 after buying an additional 126,096 shares during the period. American Century Companies Inc. boosted its holdings in shares of CrossFirst Bankshares by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock valued at $10,343,000 after buying an additional 119,844 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares in the 2nd quarter worth about $990,000. Finally, XTX Topco Ltd bought a new position in shares of CrossFirst Bankshares in the 3rd quarter worth about $992,000. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Trading Down 0.8 %

Shares of CFB stock traded down $0.14 during trading hours on Friday, reaching $17.13. The company's stock had a trading volume of 195,985 shares, compared to its average volume of 247,631. 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 stock has a market capitalization of $844.51 million, a P/E ratio of 11.65 and a beta of 1.04. The firm's fifty day simple moving average is $16.55 and its 200 day simple moving average is $15.56. CrossFirst Bankshares has a one year low of $10.64 and a one year high of $19.22.

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.

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