Private Wealth Partners LLC Has $488,000 Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Private Wealth Partners LLC decreased its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,835 shares of the company’s stock after selling 4,835 shares during the period. Private Wealth Partners LLC owned 0.07% of CrossFirst Bankshares worth $488,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC boosted its holdings in 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 during the period. Prevail Innovative Wealth Advisors LLC bought a new position in CrossFirst Bankshares in the 1st quarter valued at $138,000. Quadrature Capital Ltd bought a new position in CrossFirst Bankshares in the 4th quarter valued at $140,000. Russell Investments Group Ltd. bought a new position in CrossFirst Bankshares in the 1st quarter valued at $173,000. Finally, FAS Wealth Partners Inc. bought a new position in CrossFirst Bankshares in the 2nd quarter valued at $177,000. 56.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CFB. Stephens restated an “overweight” rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Janney Montgomery Scott upgraded shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $20.00 target price on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, CrossFirst Bankshares presently has a consensus rating of “Buy” and an average target price of $18.50.

CrossFirst Bankshares Stock Down 1.5 %

CFB opened at $16.84 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $16.93 and a 200-day moving average price of $14.38. CrossFirst Bankshares, Inc. has a twelve month low of $9.71 and a twelve month high of $19.22. The stock has a market capitalization of $830.09 million, a price-to-earnings ratio of 12.20 and a beta of 1.03.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings results on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $63.59 million during the quarter, compared to analyst estimates of $63.66 million. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. Equities research analysts forecast that CrossFirst Bankshares, Inc. will post 1.52 earnings per share for the current year.

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 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.