CrossFirst Bankshares (NASDAQ:CFB) Price Target Cut to $17.00 by Analysts at Keefe, Bruyette & Woods

CrossFirst Bankshares (NASDAQ:CFB) had its target price dropped by research analysts at Keefe, Bruyette & Woods from $20.00 to $17.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 43.58% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $18.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday. Raymond James raised shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Friday, January 5th. Finally, Janney Montgomery Scott began coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

CrossFirst Bankshares Price Performance

CFB stock traded down $0.05 during trading on Wednesday, hitting $11.84. The company had a trading volume of 131,248 shares, compared to its average volume of 159,851. The business has a 50 day moving average of $13.12 and a 200 day moving average of $12.48. The firm has a market capitalization of $585.13 million, a price-to-earnings ratio of 8.57 and a beta of 0.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. CrossFirst Bankshares has a fifty-two week low of $9.29 and a fifty-two week high of $15.07.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The company had revenue of $122.29 million during the quarter, compared to analyst estimates of $62.17 million. During the same period in the prior year, the business posted $0.36 EPS. As a group, research analysts predict that CrossFirst Bankshares will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CFB. Lazard Asset Management LLC acquired a new position in CrossFirst Bankshares in the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC raised its position in CrossFirst Bankshares by 698.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock valued at $105,000 after buying an additional 6,792 shares during the period. Hsbc Holdings PLC purchased a new stake in CrossFirst Bankshares in the 3rd quarter worth about $106,000. Sei Investments Co. purchased a new position in CrossFirst Bankshares during the 1st quarter valued at about $107,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CrossFirst Bankshares in the first quarter worth approximately $121,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.