CrossFirst Bankshares (NASDAQ:CFB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
CrossFirst Bankshares (NASDAQ:CFB) reported quarterly earnings of $0.45 EPS, exceeding analysts' expectations of $0.43 by $0.02. The company achieved a return on equity of 10.72% and a net margin of 14.52%. During trading, the stock remained flat at $15.59 with a market cap of $768.74 million. Additionally, Director George Bruce purchased 100 shares at $1,000 each, increasing his ownership. CrossFirst Bankshares provides various banking services, including loans and credit cards, to businesses and individuals.
CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02, Zacks reports. CrossFirst Bankshares had a return on equity of 10.72% and a net margin of 14.52%.
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CrossFirst Bankshares Price Performance
NASDAQ:CFB remained flat at $15.59 during mid-day trading on Tuesday. The company had a trading volume of 388,442 shares, compared to its average volume of 236,209. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $768.74 million, a PE ratio of 10.61 and a beta of 1.07. The company has a fifty day moving average of $16.06 and a 200 day moving average of $16.61. CrossFirst Bankshares has a 12-month low of $10.64 and a 12-month high of $19.22.
Insider Buying and Selling at CrossFirst Bankshares
In related news, Director George Bruce acquired 100 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the purchase, the director now owns 100 shares of the company's stock, valued at approximately $100,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.30% of the company's stock.
About CrossFirst Bankshares
(Get Free Report)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.
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