Allspring Global Investments Holdings LLC Buys 8,647 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Allspring Global Investments Holdings LLC increased its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 279.0% in the 4th quarter, HoldingsChannel reports. The firm owned 11,746 shares of the company’s stock after acquiring an additional 8,647 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CrossFirst Bankshares were worth $160,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of CrossFirst Bankshares by 7.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,586 shares of the company’s stock worth $581,000 after buying an additional 4,000 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in CrossFirst Bankshares by 47.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 20,092 shares of the company’s stock valued at $203,000 after buying an additional 6,439 shares in the last quarter. Denali Advisors LLC raised its stake in CrossFirst Bankshares by 100.0% during the fourth quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock worth $291,000 after acquiring an additional 10,700 shares in the last quarter. SG Americas Securities LLC acquired a new position in CrossFirst Bankshares during the fourth quarter worth about $188,000. Finally, Barclays PLC lifted its stake in CrossFirst Bankshares by 44.8% in the 3rd quarter. Barclays PLC now owns 70,478 shares of the company’s stock valued at $711,000 after purchasing an additional 21,800 shares during the last quarter. 56.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James raised shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Friday, January 5th. Janney Montgomery Scott assumed coverage on CrossFirst Bankshares in a research report on Wednesday, February 21st. They issued a “neutral” rating for the company. Stephens reiterated an “overweight” rating and set a $18.00 target price on shares of CrossFirst Bankshares in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods cut their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

CrossFirst Bankshares Stock Up 0.2 %

CrossFirst Bankshares stock opened at $12.51 on Monday. The company has a market capitalization of $618.24 million, a PE ratio of 9.07 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 firm’s fifty day moving average is $12.94 and its 200 day moving average is $12.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12.

CrossFirst Bankshares 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.