CrossFirst Bankshares (NASDAQ:CFB) Sees Large Volume Increase

CrossFirst Bankshares, Inc. (NASDAQ:CFBGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 98,519 shares traded hands during trading, a decline of 44% from the previous session’s volume of 176,365 shares.The stock last traded at $14.96 and had previously closed at $14.91.

Wall Street Analyst Weigh In

CFB has been the topic of a number of analyst reports. TheStreet upgraded CrossFirst Bankshares from a “c+” rating to a “b-” rating in a research report on Wednesday, November 22nd. Raymond James upgraded CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Friday, January 5th. Keefe, Bruyette & Woods raised their target price on CrossFirst Bankshares from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Stephens upgraded CrossFirst Bankshares from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $16.00 to $18.00 in a research report on Wednesday, January 24th.

View Our Latest Stock Report on CrossFirst Bankshares

CrossFirst Bankshares Trading Down 1.3 %

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $728.65 million, a price-to-earnings ratio of 10.95 and a beta of 1.02. The company has a fifty day moving average of $12.99 and a 200-day moving average of $11.62.

CrossFirst Bankshares (NASDAQ:CFBGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a return on equity of 11.26% and a net margin of 14.63%. The company had revenue of $122.29 million for the quarter, compared to analysts’ expectations of $62.17 million. During the same period in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts anticipate that CrossFirst Bankshares, Inc. will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CrossFirst Bankshares

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in CrossFirst Bankshares by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 79,800 shares of the company’s stock worth $798,000 after purchasing an additional 900 shares in the last quarter. Credit Suisse AG lifted its stake in CrossFirst Bankshares by 3.5% in the 3rd quarter. Credit Suisse AG now owns 34,474 shares of the company’s stock worth $449,000 after purchasing an additional 1,152 shares in the last quarter. Two Sigma Investments LP lifted its stake in CrossFirst Bankshares by 2.1% in the 3rd quarter. Two Sigma Investments LP now owns 78,996 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,627 shares in the last quarter. First Trust Advisors LP lifted its stake in CrossFirst Bankshares by 8.2% in the 1st quarter. First Trust Advisors LP now owns 25,575 shares of the company’s stock worth $403,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in CrossFirst Bankshares by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 200,410 shares of the company’s stock worth $2,004,000 after purchasing an additional 1,947 shares in the last quarter. 54.88% of the stock is currently owned by institutional investors and hedge funds.

About CrossFirst Bankshares

(Get Free Report)

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 land development, 1-4 family real estate, multifamily real estate, commercial and industrial, energy, and consumer loans.

Featured Stories

Receive News & Ratings for CrossFirst Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrossFirst Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.