Verition Fund Management LLC Makes New $229,000 Investment in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Verition Fund Management LLC bought a new position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,700 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. bought a new stake in CrossFirst Bankshares during the third quarter worth $482,000. FAS Wealth Partners Inc. bought a new stake in shares of CrossFirst Bankshares during the 2nd quarter worth $177,000. Creative Planning boosted its holdings in shares of CrossFirst Bankshares by 2.6% in the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock worth $3,708,000 after buying an additional 6,749 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in CrossFirst Bankshares during the third quarter valued at about $848,000. Finally, Comerica Bank purchased a new stake in CrossFirst Bankshares during the first quarter worth about $181,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Performance

NASDAQ CFB opened at $16.91 on Monday. The firm has a market cap of $833.92 million, a P/E ratio of 11.50 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $16.79 and its 200-day moving average is $16.21. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce bought 100 shares of CrossFirst Bankshares stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price 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 $100,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.