CrossFirst Bankshares (NASDAQ:CFB) Sees Large Volume Increase

CrossFirst Bankshares, Inc. (NASDAQ:CFB) shares saw unusually-strong trading volume on Tuesday . Approximately 395,214 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 219,239 shares.The stock last traded at $17.80 and had previously closed at $18.33.

Analyst Upgrades and Downgrades

CFB has been the topic of several recent research reports. Stephens reissued an “overweight” rating and set a $17.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $20.00 target price (up from $17.00) on shares of CrossFirst Bankshares in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CrossFirst Bankshares has an average rating of “Moderate Buy” and a consensus target price of $17.67.

CrossFirst Bankshares Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $868.05 million, a P/E ratio of 13.28 and a beta of 1.03. The business has a fifty day moving average of $16.06 and a 200-day moving average of $14.07.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings results on Monday, July 15th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.90%. The company had revenue of $63.59 million for the quarter, compared to the consensus estimate of $63.66 million. On average, sell-side analysts forecast that CrossFirst Bankshares, Inc. will post 1.5 EPS for the current fiscal year.

Institutional Trading of CrossFirst Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of CrossFirst Bankshares by 279.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock valued at $160,000 after purchasing an additional 8,647 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CrossFirst Bankshares by 103.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,673 shares of the company’s stock valued at $240,000 after buying an additional 8,972 shares during the period. New York State Common Retirement Fund grew its holdings in shares of CrossFirst Bankshares by 89.2% during the 4th quarter. New York State Common Retirement Fund now owns 20,189 shares of the company’s stock valued at $274,000 after acquiring an additional 9,519 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of CrossFirst Bankshares by 36.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 59,088 shares of the company’s stock worth $802,000 after acquiring an additional 15,838 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CrossFirst Bankshares by 14.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock worth $19,812,000 after acquiring an additional 187,077 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.