Victory Capital Management Inc. Buys Shares of 17,850 CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Victory Capital Management Inc. bought a new stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,850 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in CrossFirst Bankshares in the 1st quarter valued at about $45,000. Nisa Investment Advisors LLC boosted its stake in shares of CrossFirst Bankshares by 44.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $67,000 after purchasing an additional 1,900 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $110,000. ProShare Advisors LLC acquired a new stake in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $114,000. Finally, Citigroup Inc. boosted its stake in shares of CrossFirst Bankshares by 343.8% in the 4th quarter. Citigroup Inc. now owns 12,400 shares of the company’s stock valued at $133,000 after purchasing an additional 9,606 shares in the last quarter. 47.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ CFB opened at $14.50 on Friday. The firm has a market cap of $747.92 million, a P/E ratio of 37.18 and a beta of 1.39. CrossFirst Bankshares, Inc. has a 52-week low of $7.96 and a 52-week high of $15.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average price of $14.42.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings results on Wednesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $45.26 million for the quarter, compared to the consensus estimate of $43.34 million. CrossFirst Bankshares had a net margin of 9.84% and a return on equity of 4.55%. On average, sell-side analysts expect that CrossFirst Bankshares, Inc. will post 1 earnings per share for the current year.

CFB has been the topic of a number of research analyst reports. Truist raised their price target on shares of CrossFirst Bankshares from $12.00 to $15.00 in a research note on Monday, March 8th. Raymond James lifted their target price on shares of CrossFirst Bankshares from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 23rd. Finally, Zacks Investment Research downgraded shares of CrossFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday.

In other CrossFirst Bankshares news, CTO Jana Merfen purchased 7,100 shares of the firm’s stock in a transaction on Monday, March 22nd. The stock was acquired at an average price of $14.00 per share, for a total transaction of $99,400.00. Following the purchase, the chief technology officer now owns 7,100 shares of the company’s stock, valued at approximately $99,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman George F. Jones, Jr. sold 20,000 shares of the business’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $13.85, for a total transaction of $277,000.00. Following the sale, the insider now owns 46,897 shares of the company’s stock, valued at approximately $649,523.45. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock valued at $340,290 in the last quarter. 9.37% of the stock is currently owned by company insiders.

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

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Institutional Ownership by Quarter for CrossFirst Bankshares (NASDAQ:CFB)

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