CrossFirst Bankshares’ (CFB) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of CrossFirst Bankshares (NASDAQ:CFB) in a research report sent to investors on Tuesday morning, Benzinga reports. Stephens currently has a $18.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Janney Montgomery Scott assumed coverage on CrossFirst Bankshares in a report on Wednesday, February 21st. They set a neutral rating on the stock. 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 research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CrossFirst Bankshares from $18.00 to $20.00 and gave the company an outperform rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CrossFirst Bankshares presently has a consensus rating of Moderate Buy and a consensus target price of $18.00.

CrossFirst Bankshares Stock Performance

Shares of CFB opened at $11.89 on Tuesday. The company has a market capitalization of $587.66 million, a price-to-earnings ratio of 8.81 and a beta of 0.99. CrossFirst Bankshares has a 52-week low of $9.29 and a 52-week 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 stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $12.48.

CrossFirst Bankshares (NASDAQ:CFB) last issued its earnings results on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.63% and a return on equity of 11.00%. The business had revenue of $122.29 million during the quarter, compared to analysts’ expectations of $62.17 million. During the same quarter in the prior year, the business posted $0.36 EPS. Research analysts predict that CrossFirst Bankshares will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CrossFirst Bankshares

Several hedge funds have recently bought and sold shares of CFB. Lazard Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares in the first quarter valued at $36,000. Tower Research Capital LLC TRC grew its position in shares of CrossFirst Bankshares by 698.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock valued at $105,000 after purchasing an additional 6,792 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of CrossFirst Bankshares in the third quarter valued at $106,000. Sei Investments Co. acquired a new position in CrossFirst Bankshares in the first quarter valued at $107,000. Finally, Cubist Systematic Strategies LLC acquired a new position in CrossFirst Bankshares in the first quarter valued at $121,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

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.