Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,972 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 103.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,673 shares of the company’s stock after acquiring an additional 8,972 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CrossFirst Bankshares were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of CrossFirst Bankshares by 279.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock valued at $160,000 after purchasing an additional 8,647 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CrossFirst Bankshares in the fourth quarter valued at $188,000. Campbell & CO Investment Adviser LLC grew its position in shares of 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 purchasing an additional 6,439 shares in the last quarter. Denali Advisors LLC grew its position in shares of CrossFirst Bankshares by 100.0% in the fourth quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock valued at $291,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Greylin Investment Management Inc purchased a new position in CrossFirst Bankshares during the fourth quarter worth about $536,000. 56.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CFB. Stephens restated an “overweight” rating and issued a $18.00 target price on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. Janney Montgomery Scott began coverage on CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. One 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 has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

CrossFirst Bankshares Price Performance

Shares of CrossFirst Bankshares stock opened at $12.88 on Tuesday. 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 firm has a market capitalization of $636.53 million, a PE ratio of 9.33 and a beta of 1.02. The business’s 50-day moving average price is $12.85 and its 200-day moving average price is $12.68. CrossFirst Bankshares, Inc. has a 12 month low of $9.57 and a 12 month high of $15.07.

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.