AlphaQuest LLC Raises Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

AlphaQuest LLC raised its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 160.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,079 shares of the company’s stock after purchasing an additional 12,972 shares during the quarter. AlphaQuest LLC’s holdings in CrossFirst Bankshares were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of CrossFirst Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,052 shares of the company’s stock worth $5,424,000 after purchasing an additional 2,547 shares during the period. New York Life Investment Management LLC boosted its stake in CrossFirst Bankshares by 30.6% during the fourth quarter. New York Life Investment Management LLC now owns 61,055 shares of the company’s stock worth $925,000 after buying an additional 14,296 shares during the period. Wolverine Asset Management LLC increased its position in shares of CrossFirst Bankshares by 325.5% during the fourth quarter. Wolverine Asset Management LLC now owns 78,003 shares of the company’s stock valued at $1,182,000 after acquiring an additional 59,671 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of CrossFirst Bankshares during the fourth quarter valued at about $318,000. Finally, Ieq Capital LLC purchased a new stake in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $188,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Performance

NASDAQ:CFB opened at $15.99 on Friday. CrossFirst Bankshares, Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $16.35. The stock has a market capitalization of $788.55 million, a P/E ratio of 10.25 and a beta of 1.07.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. Equities research analysts forecast that CrossFirst Bankshares, Inc. will post 1.7 EPS for the current year.

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.