Thursday, May 13, 2021

Is CrossFirst Bankshares Inc. [CFB] on the road to rising earnings?

Earnings from CrossFirst Bankshares Inc. [CFB] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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CFB Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.19 per share on revenue of $43.81M. Taking a look at the future, the company is projected to report revenue of $43.53M at an earnings per share of $0.2 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.20% in revenue and 22.08% in earnings per share for the company.

CFB Stock Earnings Forecast For The Current Year


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For the full financial year, CrossFirst Bankshares Inc. [NASDAQ:CFB] is forecasted to generate revenue of $175.61M. The figure is about $3.63 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.79 in 2021, which is $0.55 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 229.20% this year, 21.50% next year. With regard to sales, forecasts suggest an incline of 2.10% in current fiscal year and 4.20% over following year.

CFB Stock Price Performance

At a recent check today, CrossFirst Bankshares Inc. [NASDAQ:CFB] finished down -0.66% at $13.45. The stock’s day high price was $13.62, and its lowest was $13.31. Its price fall -1.96% in the last five days. Since the beginning of the year, CrossFirst Bankshares Inc.’s shares are up nearly 25.95%. However, the share price is -14.17% below its one year high. The top price reached by the shares of the company was $15.67 on 03/10/21, while the 52-week low came on 01/04/21, when the shares were $10.58. In the past year, shares of the company have risen 59.48%. At 50 days, the moving average achieved is $13.73 while at 200 days, the moving average is $10.86. There were 9676.0 shares traded in the last session, down from 79500.0 in the previous session.

CrossFirst Bankshares Inc. [NASDAQ:CFB] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 56.65, CrossFirst Bankshares Inc. [CFB] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.18 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.46 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.72 for the industry, which means CFB offers an unattractive investment opportunity than its competitors do.

CFB Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 13.48 level, and the violation of this level will cause a further drop to 13.36 level. At the upper end, 13.98 remains a key resistance. As the stock increases, it may find resistance at 13.80. In the 14-day chart, the Relative Strength Index standing at 44.41 suggests a technical neutral stance while the MACD standing at -0.31 indicates price will decrease in the next trading period. Stochastic %K at 16.08% suggests buying the stock while Percent R indicator at 82.35% suggests bearish price movement.

How much is the short interest in CrossFirst Bankshares Inc.?

There have been a drop in short interest in the CrossFirst Bankshares Inc. Financial stock, with short interest up by 0.19 million shares to 0.79 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.98 million shares. This -23.51% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 2.08% of the overall float in the stock, while the stock’s days to cover moved to 6.14.

How do analysts view CrossFirst Bankshares Inc.?

In regard to the share price forecast for CrossFirst Bankshares Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $14.00 in the next twelve months, representing almost an 3.93% growth from its recent price of $13.45. Among CrossFirst Bankshares Inc. stock projections, $16.00 is the highest analyst target for the stock, while $14.00 is the lowest. Despite this, 5 analysts who share their consensus rating for CFB in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/29/21, when Raymond James Ratings launched coverage of the stock at “Outperform” and assigned a price target of $14.0.

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