Brokerages Expect CrossFirst Bankshares, Inc. (NASDAQ:CFB) Will Announce Quarterly Sales of $49.37 Million

Wall Street analysts expect that CrossFirst Bankshares, Inc. (NASDAQ:CFBGet Rating) will announce sales of $49.37 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for CrossFirst Bankshares’ earnings, with estimates ranging from $48.80 million to $49.82 million. CrossFirst Bankshares posted sales of $48.15 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that CrossFirst Bankshares will report full year sales of $200.42 million for the current financial year, with estimates ranging from $198.40 million to $202.66 million. For the next fiscal year, analysts expect that the firm will post sales of $216.64 million, with estimates ranging from $214.90 million to $219.73 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for CrossFirst Bankshares.

CrossFirst Bankshares (NASDAQ:CFBGet Rating) last issued its quarterly earnings data on Monday, April 18th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. CrossFirst Bankshares had a net margin of 33.56% and a return on equity of 10.74%. During the same period last year, the firm posted $0.23 earnings per share.

Several research analysts recently issued reports on the stock. Raymond James increased their price target 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. Zacks Investment Research lowered shares of CrossFirst Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Finally, Stephens decreased their price target on shares of CrossFirst Bankshares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday.

Shares of NASDAQ CFB opened at $13.61 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. CrossFirst Bankshares has a 12 month low of $11.81 and a 12 month high of $16.50. The firm has a market capitalization of $679.67 million, a PE ratio of 10.16 and a beta of 1.23. The firm has a fifty day simple moving average of $15.50 and a two-hundred day simple moving average of $15.16.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in CrossFirst Bankshares by 1.5% during the 4th quarter. BlackRock Inc. now owns 3,197,360 shares of the company’s stock valued at $49,910,000 after purchasing an additional 46,353 shares in the last quarter. Wells Fargo & Company MN increased its stake in CrossFirst Bankshares by 283.3% during the 4th quarter. Wells Fargo & Company MN now owns 46,000 shares of the company’s stock valued at $718,000 after purchasing an additional 34,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CrossFirst Bankshares by 2.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 43,965 shares of the company’s stock valued at $686,000 after purchasing an additional 1,048 shares in the last quarter. Deutsche Bank AG increased its stake in CrossFirst Bankshares by 2.7% during the 4th quarter. Deutsche Bank AG now owns 34,194 shares of the company’s stock valued at $533,000 after purchasing an additional 891 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in CrossFirst Bankshares during the 4th quarter valued at about $378,000. Institutional investors own 48.67% of the company’s stock.

CrossFirst Bankshares Company Profile (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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Earnings History and Estimates for CrossFirst Bankshares (NASDAQ:CFB)

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