CrossFirst Bankshares (NASDAQ:CFB) Sees Large Volume Increase – Here’s What Happened

Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) saw strong trading volume on Wednesday . 323,289 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 156,213 shares.The stock last traded at $14.59 and had previously closed at $14.67.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 10th.

CrossFirst Bankshares Stock Down 0.2 %

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 firm has a market cap of $721.97 million, a price-to-earnings ratio of 9.96 and a beta of 1.07. The firm’s 50 day simple moving average is $16.58 and its two-hundred day simple moving average is $16.52.

Insiders Place Their Bets

In other news, Director George Bruce purchased 100 shares of CrossFirst Bankshares stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 100 shares in the company, valued at approximately $100,000. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CFB. National Bank of Canada FI bought a new stake in CrossFirst Bankshares in the 3rd quarter valued at about $25,000. Point72 DIFC Ltd bought a new position in shares of CrossFirst Bankshares during the third quarter valued at about $93,000. Quest Partners LLC boosted its stake in shares of CrossFirst Bankshares by 3,091.7% in the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after buying an additional 7,853 shares during the last quarter. Centiva Capital LP bought a new position in CrossFirst Bankshares in the 3rd quarter valued at $176,000. Finally, EP Wealth Advisors LLC bought a new stake in CrossFirst Bankshares in the third quarter worth about $211,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

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.