CrossFirst Bankshares (NASDAQ:CFB) Sees Strong Trading Volume

Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw unusually-strong trading volume on Friday . Approximately 96,431 shares were traded during trading, a decline of 45% from the previous session’s volume of 176,437 shares.The stock last traded at $15.01 and had previously closed at $14.96.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods decreased their price target on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Stephens restated an “overweight” rating and issued a $18.00 price target on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.00.

CrossFirst Bankshares Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $13.25. The company has a market capitalization of $744.28 million, a P/E ratio of 10.84 and a beta of 1.04.

CrossFirst Bankshares (NASDAQ:CFB) last issued its earnings results on Monday, April 15th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $62.18 million during the quarter, compared to the consensus estimate of $62.86 million. CrossFirst Bankshares had a return on equity of 10.86% and a net margin of 14.37%. On average, equities analysts predict that CrossFirst Bankshares, Inc. will post 1.43 EPS for the current fiscal year.

Institutional Trading of CrossFirst Bankshares

Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in CrossFirst Bankshares by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock valued at $178,000 after acquiring an additional 1,082 shares in the last quarter. TD Asset Management Inc raised its holdings in CrossFirst Bankshares by 1.7% in the 4th quarter. TD Asset Management Inc now owns 82,564 shares of the company’s stock valued at $1,121,000 after acquiring an additional 1,400 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $179,000 after acquiring an additional 1,985 shares in the last quarter. EntryPoint Capital LLC raised its holdings in CrossFirst Bankshares by 182.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after acquiring an additional 2,294 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in CrossFirst Bankshares by 12.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 39,944 shares of the company’s stock valued at $542,000 after acquiring an additional 4,456 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

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.