CrossFirst Bankshares (CFB) Set to Announce Earnings on Monday

CrossFirst Bankshares (NASDAQ:CFB) will be posting its quarterly earnings results after the market closes on Monday, April 15th. Analysts expect CrossFirst Bankshares to post earnings of $0.34 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $122.29 million during the quarter, compared to analysts’ expectations of $62.17 million. CrossFirst Bankshares had a return on equity of 11.00% and a net margin of 14.63%. During the same period in the prior year, the business earned $0.36 earnings per share. On average, analysts expect CrossFirst Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CrossFirst Bankshares Stock Down 0.2 %

Shares of CFB stock opened at $12.70 on Friday. The stock has a market cap of $627.63 million, a P/E ratio of 9.41 and a beta of 0.99. CrossFirst Bankshares has a one year low of $9.29 and a one year high of $15.07. The stock has a fifty day moving average price of $13.16 and a 200 day moving average price of $12.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Trading of CrossFirst Bankshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in CrossFirst Bankshares during the 1st quarter worth about $36,000. Tower Research Capital LLC TRC grew its position in shares of CrossFirst Bankshares by 906.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,960 shares of the company’s stock valued at $130,000 after purchasing an additional 8,970 shares during the period. Sei Investments Co. acquired a new position in shares of CrossFirst Bankshares in the 1st quarter valued at approximately $107,000. Quadrature Capital Ltd acquired a new position in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $140,000. Finally, Hsbc Holdings PLC acquired a new position in shares of CrossFirst Bankshares in the 3rd quarter valued at approximately $106,000. 56.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Raymond James raised CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Friday, January 5th. Stephens raised CrossFirst Bankshares from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $18.00 in a report on Wednesday, January 24th. Finally, Janney Montgomery Scott started coverage on CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.