CrossFirst Bankshares, Inc. (NASDAQ:CFB) Sees Large Increase in Short Interest

CrossFirst Bankshares, Inc. (NASDAQ:CFB) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 276,200 shares, a growth of 6.5% from the January 15th total of 259,400 shares. Based on an average daily volume of 219,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in CrossFirst Bankshares by 868.0% during the 4th quarter. Alliancebernstein L.P. now owns 404,098 shares of the company’s stock valued at $6,122,000 after acquiring an additional 362,353 shares during the period. AQR Arbitrage LLC increased its position in CrossFirst Bankshares by 187.8% during the fourth quarter. AQR Arbitrage LLC now owns 319,186 shares of the company’s stock worth $4,836,000 after buying an additional 208,269 shares during the period. Dimensional Fund Advisors LP raised its position in CrossFirst Bankshares by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,393,631 shares of the company’s stock valued at $36,264,000 after purchasing an additional 188,767 shares during the last quarter. Balyasny Asset Management L.P. raised its position in CrossFirst Bankshares by 1,071.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 198,547 shares of the company’s stock valued at $3,008,000 after purchasing an additional 181,593 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in CrossFirst Bankshares by 184.5% in the 4th quarter. JPMorgan Chase & Co. now owns 275,517 shares of the company’s stock valued at $4,174,000 after purchasing an additional 178,658 shares during the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

CrossFirst Bankshares Stock Up 1.0 %

Shares of CFB stock traded up $0.17 during trading hours on Tuesday, reaching $16.49. 113,907 shares of the company’s stock were exchanged, compared to its average volume of 226,916. CrossFirst Bankshares has a 1 year low of $10.64 and a 1 year high of $19.22. The stock has a market cap of $813.12 million, a PE ratio of 10.57 and a beta of 1.07. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $16.44.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. Research analysts predict that CrossFirst Bankshares will post 1.7 EPS for the current year.

About CrossFirst Bankshares

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.