Charles Schwab Investment Management Inc. Acquires 7,823 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Charles Schwab Investment Management Inc. lifted its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,505 shares of the company’s stock after purchasing an additional 7,823 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of CrossFirst Bankshares worth $5,933,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CFB. Quest Partners LLC raised its holdings in shares of CrossFirst Bankshares by 3,091.7% during the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after purchasing an additional 7,853 shares during the period. Wolverine Asset Management LLC acquired a new position in CrossFirst Bankshares during the 3rd quarter worth approximately $306,000. Philip James Wealth Mangement LLC bought a new position in CrossFirst Bankshares in the third quarter worth approximately $659,000. Principal Financial Group Inc. acquired a new stake in CrossFirst Bankshares in the third quarter valued at approximately $482,000. Finally, Kavar Capital Partners Group LLC increased its holdings in shares of CrossFirst Bankshares by 2.8% during the third quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock valued at $2,115,000 after acquiring an additional 3,510 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Price Performance

Shares of CFB opened at $17.07 on Friday. The firm’s 50-day simple moving average is $16.77 and its two-hundred day simple moving average is $16.14. The stock has a market cap of $841.81 million, a PE ratio of 11.61 and a beta of 1.06. CrossFirst Bankshares, Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CFB. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th.

Insider Buying and Selling at CrossFirst Bankshares

In other news, Director George Bruce acquired 100 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 100 shares of the company’s stock, valued at approximately $100,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.30% of the company’s stock.

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.