CrossFirst Bankshares, Inc. (NASDAQ:CFB) Sees Large Increase in Short Interest

CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 276,200 shares, an increase of 6.5% from the January 15th total of 259,400 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 219,800 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CFB. The Manufacturers Life Insurance Company raised its holdings in shares of CrossFirst Bankshares by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock valued at $248,000 after acquiring an additional 1,157 shares in the last quarter. SG Americas Securities LLC bought a new position in CrossFirst Bankshares during the 3rd quarter worth approximately $256,000. Kavar Capital Partners Group LLC lifted its holdings in CrossFirst Bankshares by 2.8% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock worth $2,115,000 after buying an additional 3,510 shares during the period. Principal Financial Group Inc. purchased a new stake in CrossFirst Bankshares in the 3rd quarter worth approximately $482,000. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of CrossFirst Bankshares in the 3rd quarter valued at approximately $659,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Up 1.0 %

Shares of CrossFirst Bankshares stock traded up $0.17 during midday trading on Tuesday, reaching $16.49. The company had a trading volume of 113,907 shares, compared to its average volume of 226,916. CrossFirst Bankshares has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day moving average price of $15.70 and a 200 day moving average price of $16.44. The firm has a market cap of $813.12 million, a PE ratio of 10.57 and a beta of 1.07.

CrossFirst Bankshares (NASDAQ:CFB) last issued its earnings results on Tuesday, January 28th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. On average, equities analysts anticipate that CrossFirst Bankshares will post 1.7 earnings per share for the current year.

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.