CrossFirst Bankshares, Inc. (NASDAQ:CFB) Short Interest Up 24.8% in May

CrossFirst Bankshares, Inc. (NASDAQ:CFBGet 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:CFBGet 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.

A number of hedge funds have recently bought and sold shares of CFB. Lazard Asset Management LLC purchased a new stake in CrossFirst Bankshares during the first quarter valued at about $36,000. Citigroup Inc. lifted its position in shares of CrossFirst Bankshares by 107.7% in the third quarter. Citigroup Inc. now owns 6,440 shares of the company’s stock worth $84,000 after purchasing an additional 3,339 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CrossFirst Bankshares by 74.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,685 shares of the company’s stock worth $89,000 after purchasing an additional 2,434 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of CrossFirst Bankshares in the fourth quarter worth approximately $151,000. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of CrossFirst Bankshares by 9.1% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,654 shares of the company’s stock worth $152,000 after purchasing an additional 968 shares in the last quarter. 49.83% of the stock is owned by institutional investors.

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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