CrossFirst Bankshares (NASDAQ:CFB) Given Overweight Rating at Stephens

Stephens reissued their overweight rating on shares of CrossFirst Bankshares (NASDAQ:CFB) in a research note issued to investors on Tuesday, Benzinga reports. Stephens currently has a $18.00 target price on the stock.

CFB has been the topic of several other research reports. Raymond James raised shares of CrossFirst Bankshares from a market perform rating to an outperform rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. Keefe, Bruyette & Woods lifted their price objective on shares of CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Finally, Janney Montgomery Scott assumed coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a neutral rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, CrossFirst Bankshares presently has a consensus rating of Moderate Buy and an average price target of $17.00.

CrossFirst Bankshares Stock Up 2.1 %

CrossFirst Bankshares stock opened at $12.06 on Tuesday. The company’s 50-day moving average price is $13.06 and its two-hundred day moving average price is $12.47. The stock has a market cap of $596.01 million, a price-to-earnings ratio of 8.74 and a beta of 0.99. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. CrossFirst Bankshares has a 52 week low of $9.29 and a 52 week high of $15.07.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $122.29 million for the quarter, compared to analysts’ expectations of $62.17 million. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. During the same quarter in the previous year, the company posted $0.36 EPS. On average, analysts expect that CrossFirst Bankshares will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of CrossFirst Bankshares in the first quarter worth approximately $36,000. Tower Research Capital LLC TRC increased 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 worth $105,000 after acquiring an additional 6,792 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of CrossFirst Bankshares by 906.1% in the third quarter. Tower Research Capital LLC TRC now owns 9,960 shares of the company’s stock worth $130,000 after acquiring an additional 8,970 shares in the last quarter. Sei Investments Co. purchased a new position in shares of CrossFirst Bankshares in the first quarter worth approximately $107,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of CrossFirst Bankshares during the fourth quarter worth approximately $140,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

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.