Director Michael Robinson Sells 25,633 Shares of CrossFirst Bankshares Inc
On October 23, 2023, Director Michael Robinson sold 25,633 shares of CrossFirst Bankshares Inc (NASDAQ:CFB). This move comes amidst a year where the insider has sold a total of 27,633 shares and purchased none.
Michael Robinson is a key figure at CrossFirst Bankshares Inc, a company that operates as the bank holding company for CrossFirst Bank that provides a range of banking and financial services to businesses, business owners, professionals, and their personal networks in the United States. The company offers commercial real estate, construction and development, and one-to-four family real estate loans; commercial loans across various industries, including the energy, healthcare, and manufacturing sectors; and consumer loans comprising auto, boat, home improvement, and personal loans.
The insider's recent sell-off raises questions about the company's current valuation and future prospects. To understand the implications of this move, it's crucial to analyze the insider buy/sell trends and their relationship with the stock price.
The insider transaction history for CrossFirst Bankshares Inc shows a total of 3 insider buys and 4 insider sells over the past year. This trend suggests a mixed sentiment among the company's insiders. While some insiders are buying, the insider's recent sell-off could indicate a bearish outlook.
On the day of the insider's recent sell, shares of CrossFirst Bankshares Inc were trading for $10.59 apiece, giving the stock a market cap of $508.232 million. The price-earnings ratio stands at 8.31, higher than the industry median of 7.98 but lower than the companys historical median price-earnings ratio.
According to the GuruFocus Value, which is an intrinsic value estimate based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance, CrossFirst Bankshares Inc is significantly undervalued. With a price of $10.59 and a GuruFocus Value of $18.12, the stock has a price-to-GF-Value ratio of 0.58.
In conclusion, while the insider's recent sell-off might raise concerns, the company's valuation suggests that the stock is significantly undervalued. Investors should keep a close eye on further insider transactions and other market indicators to make informed investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
