CrossFirst Bankshares (NASDAQ:CFB) Shares Gap Down to $12.69

CrossFirst Bankshares, Inc. (NASDAQ:CFB)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.69, but opened at $11.61. CrossFirst Bankshares shares last traded at $11.92, with a volume of 107,344 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CFB. Janney Montgomery Scott began coverage on shares of CrossFirst Bankshares in a report on Wednesday, February 21st. They issued a “neutral” rating on the stock. Raymond James upgraded 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. Stephens restated an “overweight” rating and set a $18.00 target price on shares of CrossFirst Bankshares in a report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their target price on shares of CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, CrossFirst Bankshares presently has an average rating of “Moderate Buy” and an average price target of $17.00.

CrossFirst Bankshares Trading Down 0.7 %

The stock has a market cap of $583.65 million, a P/E ratio of 8.56 and a beta of 0.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average price is $13.09 and its 200 day moving average price is $12.47.

CrossFirst Bankshares (NASDAQ:CFB) last announced its earnings results on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $122.29 million for the quarter, compared to analysts’ expectations of $62.17 million. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. During the same quarter in the previous year, the business posted $0.36 EPS. Equities research analysts expect that CrossFirst Bankshares, Inc. will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On CrossFirst Bankshares

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in CrossFirst Bankshares in the 1st quarter worth about $36,000. Tower Research Capital LLC TRC boosted its stake in CrossFirst Bankshares by 698.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock worth $105,000 after purchasing an additional 6,792 shares in the last quarter. Hsbc Holdings PLC purchased a new position in CrossFirst Bankshares in the 3rd quarter worth about $106,000. Sei Investments Co. purchased a new position in CrossFirst Bankshares in the 1st quarter worth about $107,000. Finally, Cubist Systematic Strategies LLC purchased a new position in CrossFirst Bankshares in the 1st quarter worth about $121,000. Institutional investors own 56.29% of the company’s stock.

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.