CrossFirst Bankshares (NASDAQ:CFB) Sees Strong Trading Volume

CrossFirst Bankshares, Inc. (NASDAQ:CFB – Get Rating) saw unusually-strong trading volume on Friday . Approximately 66,708 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 112,865 shares.The stock last traded at $11.57 and had previously closed at $12.02.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of CrossFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Thursday, January 5th.

CrossFirst Bankshares Stock Performance

The stock has a market capitalization of $535.33 million, a PE ratio of 8.98 and a beta of 1.04. The firm’s fifty day moving average is $13.20 and its 200-day moving average is $13.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42.

CrossFirst Bankshares (NASDAQ:CFB – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $86.72 million for the quarter, compared to analyst estimates of $55.30 million. CrossFirst Bankshares had a net margin of 23.17% and a return on equity of 11.16%. As a group, research analysts anticipate that CrossFirst Bankshares, Inc. will post 1.42 earnings per share for the current year.

Institutional Trading of CrossFirst Bankshares

Large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new position in CrossFirst Bankshares in the third quarter valued at approximately $26,000. Quadrant Capital Group LLC acquired a new stake in shares of CrossFirst Bankshares in the third quarter valued at approximately $29,000. Lazard Asset Management LLC acquired a new stake in shares of CrossFirst Bankshares in the first quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CrossFirst Bankshares by 53.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,701 shares of the company’s stock valued at $108,000 after acquiring an additional 3,016 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of CrossFirst Bankshares by 906.1% in the third quarter. Tower Research Capital LLC TRC now owns 9,960 shares of the company’s stock valued at $130,000 after acquiring an additional 8,970 shares during the period. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Company Profile

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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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.