CrossFirst Bankshares, Inc. (NASDAQ:CFB) Director George Bruce Buys 100 Shares

CrossFirst Bankshares, Inc. (NASDAQ:CFB) Director George Bruce bought 100 shares of CrossFirst Bankshares stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now owns 100 shares of the company’s stock, valued at $100,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ:CFB opened at $15.70 on Friday. CrossFirst Bankshares, Inc. has a twelve month low of $10.64 and a twelve month high of $19.22. The firm has a market cap of $773.85 million, a PE ratio of 10.68 and a beta of 1.03. 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 business has a fifty day moving average of $16.63 and a 200-day moving average of $15.23.

Institutional Trading of CrossFirst Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC acquired a new stake in shares of CrossFirst Bankshares in the first quarter valued at $1,129,000. FAS Wealth Partners Inc. acquired a new stake in CrossFirst Bankshares in the second quarter worth about $177,000. Creative Planning increased its position in CrossFirst Bankshares by 2.6% in the second quarter. Creative Planning now owns 264,498 shares of the company’s stock worth $3,708,000 after purchasing an additional 6,749 shares during the period. Allspring Global Investments Holdings LLC increased its position in CrossFirst Bankshares by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after purchasing an additional 1,082 shares during the period. Finally, Empowered Funds LLC increased its position in CrossFirst Bankshares by 8.2% in the first quarter. Empowered Funds LLC now owns 161,607 shares of the company’s stock worth $2,237,000 after purchasing an additional 12,217 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stephens reiterated an “overweight” rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Finally, Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $18.50.

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.