State of New Jersey Common Pension Fund D Acquires Shares of 174,547 CrossFirst Bankshares, Inc. (NASDAQ:CFB)

State of New Jersey Common Pension Fund D acquired a new stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 174,547 shares of the company’s stock, valued at approximately $2,278,000. State of New Jersey Common Pension Fund D owned approximately 0.35% of CrossFirst Bankshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of CrossFirst Bankshares by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 185,579 shares of the company’s stock valued at $2,925,000 after acquiring an additional 2,684 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of CrossFirst Bankshares by 54.3% during the 1st quarter. MetLife Investment Management LLC now owns 25,491 shares of the company’s stock valued at $402,000 after acquiring an additional 8,972 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CrossFirst Bankshares by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 500,153 shares of the company’s stock valued at $7,882,000 after acquiring an additional 117,659 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CrossFirst Bankshares by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,184,812 shares of the company’s stock valued at $34,433,000 after acquiring an additional 37,477 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of CrossFirst Bankshares by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 1,890,831 shares of the company’s stock valued at $29,799,000 after acquiring an additional 403,220 shares during the last quarter. 51.59% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Stock Performance

CFB opened at $12.44 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $604.81 million, a price-to-earnings ratio of 8.95 and a beta of 1.05. The company’s 50 day moving average is $12.98 and its 200 day moving average is $13.33. CrossFirst Bankshares, Inc. has a 12-month low of $11.79 and a 12-month high of $16.50.

CrossFirst Bankshares (NASDAQ:CFB – Get Rating) last issued its quarterly earnings results on Monday, October 17th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. CrossFirst Bankshares had a net margin of 30.23% and a return on equity of 11.37%. The business had revenue of $53.48 million for the quarter, compared to the consensus estimate of $52.88 million. On average, equities research analysts predict that CrossFirst Bankshares, Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce sold 2,500 shares of CrossFirst Bankshares stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $12.50, for a total transaction of $31,250.00. Following the transaction, the director now owns 65,617 shares of the company’s stock, valued at $820,212.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CFB. Stephens raised their price objective on shares of CrossFirst Bankshares from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 19th. Raymond James downgraded shares of CrossFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Thursday, January 5th.

CrossFirst Bankshares Company Profile

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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.