Geode Capital Management LLC Sells 11,836 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Geode Capital Management LLC decreased its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,067,635 shares of the company’s stock after selling 11,836 shares during the quarter. Geode Capital Management LLC owned 2.17% of CrossFirst Bankshares worth $16,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFB. Golden State Wealth Management LLC bought a new stake in shares of CrossFirst Bankshares during the fourth quarter valued at approximately $45,000. R Squared Ltd purchased a new stake in shares of CrossFirst Bankshares in the 4th quarter worth $58,000. KLP Kapitalforvaltning AS bought a new position in shares of CrossFirst Bankshares during the 4th quarter worth $114,000. Entropy Technologies LP purchased a new position in shares of CrossFirst Bankshares during the fourth quarter valued at $153,000. Finally, Chicago Capital Management LLC bought a new stake in shares of CrossFirst Bankshares in the fourth quarter valued at about $186,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ:CFB opened at $15.99 on Monday. The company has a market capitalization of $788.55 million, a price-to-earnings ratio of 10.25 and a beta of 1.07. The firm has a 50 day moving average of $16.06 and a 200 day moving average of $16.15. CrossFirst Bankshares, Inc. has a 52 week low of $12.03 and a 52 week high of $19.22. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. On average, sell-side analysts predict that CrossFirst Bankshares, Inc. will post 1.7 earnings per share for the current fiscal year.

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.