Short Interest in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Declines By 5.2%

CrossFirst Bankshares, Inc. (NASDAQ:CFB - Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 250,900 shares, a drop of 5.2% from the November 30th total of 264,600 shares. Based on an average daily volume of 232,700 shares, the short-interest ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

CrossFirst Bankshares Stock Down 0.5 %

NASDAQ:CFB traded down $0.07 during trading hours on Tuesday, hitting $15.15. 100,406 shares of the stock traded hands, compared to its average volume of 239,208. The firm has a 50 day moving average price of $16.70 and a 200 day moving average price of $16.44. The firm has a market cap of $747.12 million, a price-to-earnings ratio of 10.31 and a beta of 1.06. CrossFirst Bankshares has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Tuesday, September 10th.

Insider Activity

In related news, Director George Bruce bought 100 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now directly owns 100 shares of the company's stock, valued at $100,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CFB. Dimensional Fund Advisors LP grew its stake 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 valued at $26,228,000 after acquiring an additional 175,646 shares in the last quarter. State Street Corp grew 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 purchasing an additional 126,096 shares in the last quarter. Geode Capital Management LLC increased its stake in CrossFirst Bankshares by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,079,471 shares of the company's stock valued at $18,019,000 after buying an additional 41,590 shares during the period. American Century Companies Inc. lifted its position in CrossFirst Bankshares by 19.4% in the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock worth $10,343,000 after buying an additional 119,844 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of CrossFirst Bankshares by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 480,250 shares of the company's stock valued at $8,015,000 after buying an additional 22,000 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

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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