CrossFirst Bankshares (NASDAQ:CFB) Stock Rating Reaffirmed by Stephens

CrossFirst Bankshares (NASDAQ:CFB)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research report issued on Tuesday, Benzinga reports. They presently have a $17.00 price target on the stock. Stephens’ target price would indicate a potential upside of 1.49% from the stock’s current price.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.67.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ:CFB traded up $0.81 on Tuesday, reaching $16.75. The company’s stock had a trading volume of 373,482 shares, compared to its average volume of 189,946. CrossFirst Bankshares has a 52-week low of $9.71 and a 52-week high of $17.24. The stock has a market capitalization of $825.61 million, a P/E ratio of 12.14 and a beta of 1.04. The stock’s 50-day moving average is $13.41 and its two-hundred day moving average is $13.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96.

CrossFirst Bankshares (NASDAQ:CFB) last announced its earnings results on Monday, April 15th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. CrossFirst Bankshares had a return on equity of 10.86% and a net margin of 14.37%. The company had revenue of $62.18 million for the quarter, compared to the consensus estimate of $62.86 million. As a group, sell-side analysts forecast that CrossFirst Bankshares will post 1.43 EPS for the current year.

Hedge Funds Weigh In On CrossFirst Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC boosted its position in shares of CrossFirst Bankshares by 182.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock worth $49,000 after buying an additional 2,294 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of CrossFirst Bankshares by 698.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock valued at $105,000 after purchasing an additional 6,792 shares during the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of CrossFirst Bankshares during the 1st quarter worth approximately $138,000. Quadrature Capital Ltd acquired a new position in shares of CrossFirst Bankshares during the 4th quarter worth approximately $140,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in CrossFirst Bankshares by 279.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock valued at $160,000 after buying an additional 8,647 shares during the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

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.