CrossFirst Bankshares (NASDAQ:CFB) Rating Increased to B- at TheStreet

CrossFirst Bankshares (NASDAQ:CFBGet Rating) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Monday, TheStreetRatingsTable reports.

A number of other research analysts have also recently commented on the stock. Piper Sandler reduced their target price on shares of CrossFirst Bankshares from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 21st. Truist Financial cut their price objective on shares of CrossFirst Bankshares to $14.00 in a report on Friday, July 22nd. Finally, Stephens lowered their target price on CrossFirst Bankshares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 20th.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ:CFB opened at $14.64 on Monday. The firm has a market capitalization of $721.90 million, a PE ratio of 10.10 and a beta of 1.16. CrossFirst Bankshares has a 12 month low of $11.81 and a 12 month high of $16.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $13.49 and a two-hundred day moving average of $14.27.

CrossFirst Bankshares (NASDAQ:CFBGet Rating) last released its quarterly earnings data on Monday, July 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. CrossFirst Bankshares had a net margin of 35.33% and a return on equity of 11.63%. During the same quarter in the prior year, the company earned $0.30 earnings per share. As a group, research analysts forecast that CrossFirst Bankshares will post 1.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Kent Robinson sold 3,000 shares of CrossFirst Bankshares stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $13.50, for a total value of $40,500.00. Following the sale, the director now directly owns 113,668 shares in the company, valued at approximately $1,534,518. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael Kent Robinson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $13.50, for a total value of $40,500.00. Following the sale, the director now directly owns 113,668 shares in the company, valued at approximately $1,534,518. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Benjamin R. Clouse purchased 7,500 shares of the stock in a transaction dated Thursday, July 21st. The shares were acquired at an average cost of $12.99 per share, for a total transaction of $97,425.00. Following the completion of the acquisition, the chief financial officer now directly owns 14,900 shares of the company’s stock, valued at approximately $193,551. The disclosure for this purchase can be found here. Insiders have sold 18,622 shares of company stock valued at $281,194 over the last three months. Company insiders own 8.96% of the company’s stock.

Institutional Trading of CrossFirst Bankshares

Several institutional investors have recently modified their holdings of CFB. Federated Hermes Inc. lifted its stake in CrossFirst Bankshares by 27.1% during the first quarter. Federated Hermes Inc. now owns 1,890,831 shares of the company’s stock valued at $29,799,000 after purchasing an additional 403,220 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CrossFirst Bankshares during the 4th quarter valued at $4,997,000. Goldman Sachs Group Inc. boosted its stake in shares of CrossFirst Bankshares by 389.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,325 shares of the company’s stock worth $3,394,000 after acquiring an additional 171,360 shares in the last quarter. State Street Corp grew its holdings in shares of CrossFirst Bankshares by 15.8% in the 2nd quarter. State Street Corp now owns 1,071,529 shares of the company’s stock worth $14,144,000 after acquiring an additional 146,187 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CrossFirst Bankshares by 30.8% during the first quarter. Dimensional Fund Advisors LP now owns 500,153 shares of the company’s stock worth $7,882,000 after purchasing an additional 117,659 shares during the period. Institutional investors and hedge funds own 49.83% of the company’s stock.

CrossFirst Bankshares Company Profile

(Get Rating)

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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.

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