Stephens Reaffirms Overweight Rating for CrossFirst Bankshares (NASDAQ:CFB)

Stephens reiterated their overweight rating on shares of CrossFirst Bankshares (NASDAQ:CFB) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $18.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Janney Montgomery Scott assumed coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They set a neutral rating on the stock. Finally, Raymond James upgraded shares of CrossFirst Bankshares from a market perform rating to an outperform rating and set a $16.00 price target on the stock in a research note on Friday, January 5th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, CrossFirst Bankshares has a consensus rating of Moderate Buy and a consensus target price of $17.00.

CrossFirst Bankshares Price Performance

Shares of NASDAQ:CFB opened at $12.06 on Tuesday. The company has a 50-day simple moving average of $13.06 and a 200-day simple moving average of $12.47. CrossFirst Bankshares has a one year low of $9.29 and a one year high of $15.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $596.01 million, a price-to-earnings ratio of 8.74 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFB) last announced its earnings results on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, beating 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 business had revenue of $122.29 million during the quarter, compared to analysts’ expectations of $62.17 million. During the same period in the prior year, the company earned $0.36 earnings per share. On average, analysts predict that CrossFirst Bankshares will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFB. Lazard Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares in the first quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 position in shares of CrossFirst Bankshares during the third quarter valued at approximately $106,000. Sei Investments Co. purchased a new position in shares of CrossFirst Bankshares during the first quarter valued at approximately $107,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of CrossFirst Bankshares during the first quarter valued at 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.