Stratos Wealth Partners LTD. Has $207,000 Stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Stratos Wealth Partners LTD. lowered its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 55.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,212 shares of the company’s stock after selling 19,000 shares during the period. Stratos Wealth Partners LTD.’s holdings in CrossFirst Bankshares were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of CrossFirst Bankshares in the 3rd quarter worth approximately $1,618,000. Denali Advisors LLC boosted its stake in shares of CrossFirst Bankshares by 100.0% in the 4th quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock worth $291,000 after buying an additional 10,700 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of CrossFirst Bankshares by 25.0% in the 3rd quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock worth $1,766,000 after buying an additional 35,000 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of CrossFirst Bankshares by 17.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock worth $2,330,000 after buying an additional 34,566 shares during the last quarter. Finally, Lavaca Capital LLC purchased a new position in CrossFirst Bankshares in the third quarter valued at approximately $2,002,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Down 6.3 %

Shares of CFB stock opened at $11.89 on Wednesday. The company’s fifty day simple moving average is $13.12 and its two-hundred day simple moving average is $12.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. CrossFirst Bankshares, Inc. has a 1 year low of $9.29 and a 1 year high of $15.07. The stock has a market capitalization of $587.66 million, a price-to-earnings ratio of 8.81 and a beta of 0.99.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $62.17 million. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, analysts anticipate that CrossFirst Bankshares, Inc. will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

CFB has been the topic of several research analyst reports. Janney Montgomery Scott initiated coverage on CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a “neutral” rating on the stock. Raymond James upgraded CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. Stephens reiterated an “overweight” rating and issued a $18.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on CrossFirst Bankshares from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

CrossFirst Bankshares Company Profile

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.