HighTower Advisors LLC Sells 13,797 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

HighTower Advisors LLC trimmed its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 26.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,003 shares of the company’s stock after selling 13,797 shares during the quarter. HighTower Advisors LLC owned 0.08% of CrossFirst Bankshares worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CFB. Quest Partners LLC grew its position in shares of CrossFirst Bankshares by 3,091.7% during the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after acquiring an additional 7,853 shares during the period. Centiva Capital LP bought a new stake in CrossFirst Bankshares during the third quarter valued at about $176,000. FAS Wealth Partners Inc. purchased a new stake in CrossFirst Bankshares in the second quarter worth about $177,000. Verition Fund Management LLC bought a new position in shares of CrossFirst Bankshares in the third quarter worth about $229,000. Finally, SG Americas Securities LLC purchased a new position in shares of CrossFirst Bankshares during the 3rd quarter valued at about $256,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director George Bruce acquired 100 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CFB shares. 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 report on Tuesday, September 10th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th.

CrossFirst Bankshares Stock Performance

NASDAQ:CFB opened at $15.48 on Friday. The stock has a 50-day moving average price of $16.82 and a 200 day moving average price of $16.25. The stock has a market capitalization of $763.40 million, a P/E ratio of 10.53 and a beta of 1.06. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

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.