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 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

A number of equities research analysts have commented on CFB shares. Stephens reiterated an “overweight” rating and issued a $17.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $20.00 price target (up previously from $17.00) on shares of CrossFirst Bankshares in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.67.

CrossFirst Bankshares Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $868.05 million, a PE ratio of 13.28 and a beta of 1.03. The firm’s 50 day moving average is $16.06 and its 200 day moving average is $14.07.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $63.66 million. On average, equities analysts anticipate that CrossFirst Bankshares, Inc. will post 1.5 earnings per share for the current year.

Institutional Trading of CrossFirst Bankshares

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of CrossFirst Bankshares by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after buying an additional 1,082 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of CrossFirst Bankshares by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock valued at $248,000 after purchasing an additional 1,157 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of CrossFirst Bankshares by 1.7% during the fourth quarter. TD Asset Management Inc now owns 82,564 shares of the company’s stock valued at $1,121,000 after purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers boosted its position in shares of CrossFirst Bankshares by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 74,214 shares of the company’s stock worth $1,040,000 after purchasing an additional 1,895 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of CrossFirst Bankshares by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,920 shares of the company’s stock worth $179,000 after buying an additional 1,985 shares during the last quarter. 56.29% of the stock is owned by institutional investors.

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.