CrossFirst Bankshares (NASDAQ:CFB) Downgraded by Zacks Investment Research to “Sell”

CrossFirst Bankshares (NASDAQ:CFBGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, reports.

According to Zacks, “CrossFirst Bankshares Inc. is a bank holding company which, through its wholly-owned subsidiary CrossFirst Bank, provides personal banking, wealth management, loans, savings accounts, leasing, retirement plans, investment management and insurance services to businesses. It operates primarily in Kansas, Missouri, Oklahoma and Texas. CrossFirst Bankshares Inc. is headquartered in Leawood, Kansas. “

Separately, Raymond James increased their target price on shares of CrossFirst Bankshares from $18.00 to $19.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 25th.

NASDAQ:CFB traded up $0.24 during trading hours on Tuesday, reaching $14.76. 80,805 shares of the stock were exchanged, compared to its average volume of 109,058. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $15.63 and a two-hundred day moving average of $15.18. CrossFirst Bankshares has a twelve month low of $11.81 and a twelve month high of $16.50. The company has a market capitalization of $737.10 million, a price-to-earnings ratio of 11.01 and a beta of 1.23.

CrossFirst Bankshares (NASDAQ:CFBGet Rating) last posted its quarterly earnings data on Monday, April 18th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 33.56%. During the same quarter last year, the company earned $0.23 EPS. On average, research analysts forecast that CrossFirst Bankshares will post 1.31 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CrossFirst Bankshares by 74.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,685 shares of the company’s stock worth $89,000 after acquiring an additional 2,434 shares during the last quarter. Citigroup Inc. raised its stake in CrossFirst Bankshares by 107.7% during the third quarter. Citigroup Inc. now owns 6,440 shares of the company’s stock valued at $84,000 after buying an additional 3,339 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of CrossFirst Bankshares during the 4th quarter worth approximately $151,000. ProShare Advisors LLC acquired a new stake in shares of CrossFirst Bankshares during the 4th quarter worth approximately $160,000. Finally, Susquehanna International Group LLP acquired a new stake in CrossFirst Bankshares in the 4th quarter valued at approximately $160,000. Hedge funds and other institutional investors own 48.67% of the company’s stock.

About CrossFirst Bankshares (Get Rating)

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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.

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