CrossFirst Bankshares, Inc. (NASDAQ:CFB – Get Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 855,500 shares, an increase of 24.8% from the April 30th total of 685,600 shares. Based on an average daily volume of 112,400 shares, the days-to-cover ratio is presently 7.6 days. Currently, 1.9% of the shares of the company are sold short.
NASDAQ:CFB traded down $0.15 during mid-day trading on Wednesday, reaching $13.28. 3,072 shares of the stock were exchanged, compared to its average volume of 90,767. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $13.92 and a 200 day moving average price of $14.92. CrossFirst Bankshares has a 1-year low of $11.81 and a 1-year high of $16.50. The firm has a market capitalization of $659.35 million, a PE ratio of 9.33 and a beta of 1.30.
CrossFirst Bankshares (NASDAQ:CFB – Get Rating) last posted its quarterly earnings data on Monday, April 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. CrossFirst Bankshares had a net margin of 35.81% and a return on equity of 11.50%. The company had revenue of $48.06 million during the quarter, compared to analyst estimates of $47.12 million. During the same quarter last year, the firm posted $0.23 EPS. On average, sell-side analysts forecast that CrossFirst Bankshares will post 1.34 earnings per share for the current year.
Several research firms have recently issued reports on CFB. Zacks Investment Research cut CrossFirst Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Stephens decreased their price target on CrossFirst Bankshares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 20th.
About CrossFirst Bankshares (Get Rating)
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.
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