CrossFirst Bankshares Inc. [CFB] Investment Appeal on the Rise


In a filing, CrossFirst Bankshares Inc. revealed its Director Kuykendall James W. acquired Company’s shares for reported $47500.0 on May 04. In the deal valued at $9.50 per share,5,000 shares were bought. As a result of this transaction, Kuykendall James W. now holds 58,201 shares worth roughly $ 0.64 million.

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Then, DALEY MICHAEL JOHN bought 10,000 shares, generating $97,500 in total proceeds. Upon buying the shares at $9.75, the CHIEF ACCOUNTING OFFICER now owns 10,000 shares.

Before that, King Mason bought 3,600 shares. CrossFirst Bankshares Inc. shares valued at $42,804 were divested by the Director at a price of $11.89 per share. As a result of the transaction, King Mason now holds 93,396 shares, worth roughly $1.03 million.

Raymond James downgraded its CrossFirst Bankshares Inc. [CFB] rating to a Mkt perform from a an Outperform in a research note published on Friday.

Price Performance Review of CFB

On Friday, CrossFirst Bankshares Inc. [NASDAQ:CFB] saw its stock jump 2.88% to $11.06. On the same session, the stock had its day’s lowest price of $10.81, but rose to a high of $11.105. Over the last five days, the stock has gained 3.27%. CrossFirst Bankshares Inc. shares have fallen nearly -10.88% since the year began. Nevertheless, the stocks have fallen -16.08% over the past one year. While a 52-week high of $14.66 was reached on 02/27/23, a 52-week low of $9.29 was recorded on 05/04/23. SMA at 50 days reached $11.02, while 200 days put it at $11.71. A total of 93205.0 shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For CFB Stock

The 24-hour chart illustrates a support level at 10.88, which if violated will result in even more drops to 10.70. On the upside, there is a resistance level at 11.17. A further resistance level may holdings at 11.29. The Relative Strength Index (RSI) on the 14-day chart is 50.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.54%. Stochastics %K at 35.49% indicates the stock is a holding.

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

A steep rise in short interest was recorded in CrossFirst Bankshares Inc. stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.35 million shares. There was a decline of -0.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 14.79.

CrossFirst Bankshares Inc. [CFB] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 6,169,509 shares, or roughly 12.69% of the outstanding CFB shares. In other words, the investor’s shares have risen by 437,679 from its previous 13-F filing of 5731830.0. Additionally, BlackRock Fund Advisors decreased -1.53% of its stake after which the total value it holdings stand at $34,182,842, while The Vanguard Group, Inc. reduced -4.36% of its stake to hold $24.22 million in the firm. At present, Dimensional Fund Advisors LP is holding 1,145,635 shares valued at $13.37 million. SSgA Funds Management, Inc. owned 1,136,417 shares of the company at the time of its most recent 13F filing, worth $13.26 million.

According to FactSet, CrossFirst Bankshares Inc.’s share price will average $13.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.23 percent from its previous closing price of $10.75. Analysts expect CrossFirst Bankshares Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $12.00. However, 4 analysts have rated CFB stock as a Hold in their predictions for 2023.


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