Vanguard Group Inc. Boosts Stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Vanguard Group Inc. grew its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,178,409 shares of the company’s stock after buying an additional 31,452 shares during the quarter. Vanguard Group Inc. owned 4.42% of CrossFirst Bankshares worth $21,980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its position 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 buying an additional 403,220 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CrossFirst Bankshares by 10.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,635 shares of the company’s stock worth $11,457,000 after purchasing an additional 103,822 shares during the period. State Street Corp raised its position in CrossFirst Bankshares by 0.8% in the 2nd quarter. State Street Corp now owns 1,136,417 shares of the company’s stock worth $11,364,000 after purchasing an additional 9,263 shares during the period. Geode Capital Management LLC raised its position in CrossFirst Bankshares by 9.1% in the 1st quarter. Geode Capital Management LLC now owns 939,806 shares of the company’s stock worth $9,849,000 after purchasing an additional 78,257 shares during the period. Finally, Captrust Financial Advisors raised its position in CrossFirst Bankshares by 158,723.7% in the 3rd quarter. Captrust Financial Advisors now owns 651,177 shares of the company’s stock worth $8,498,000 after purchasing an additional 650,767 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CFB shares. Janney Montgomery Scott started coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods lifted their target price on shares of CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Raymond James raised shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Friday, January 5th. Finally, Stephens raised shares of CrossFirst Bankshares from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $16.00 to $18.00 in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, CrossFirst Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

CrossFirst Bankshares Price Performance

Shares of CrossFirst Bankshares stock opened at $12.70 on Friday. The firm has a market cap of $627.63 million, a PE ratio of 9.41 and a beta of 0.99. CrossFirst Bankshares, Inc. has a 12-month low of $9.29 and a 12-month high of $15.07. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $12.43.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $122.29 million for the quarter, compared to analyst estimates of $62.17 million. CrossFirst Bankshares had a net margin of 14.63% and a return on equity of 11.00%. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities analysts expect that CrossFirst Bankshares, Inc. will post 1.45 EPS for the current year.

About CrossFirst Bankshares

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.