CrossFirst Bankshares, Inc. (NASDAQ:CFB) Stock Holdings Decreased by TCG Advisory Services LLC

TCG Advisory Services LLC reduced its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,750 shares of the company’s stock after selling 7,210 shares during the quarter. TCG Advisory Services LLC’s holdings in CrossFirst Bankshares were worth $241,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in CrossFirst Bankshares by 279.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock worth $160,000 after purchasing an additional 8,647 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of CrossFirst Bankshares during the 4th quarter valued at $188,000. Campbell & CO Investment Adviser LLC boosted its position in shares of CrossFirst Bankshares by 47.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 20,092 shares of the company’s stock valued at $203,000 after acquiring an additional 6,439 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CrossFirst Bankshares by 103.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,673 shares of the company’s stock worth $240,000 after acquiring an additional 8,972 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of CrossFirst Bankshares by 89.2% in the fourth quarter. New York State Common Retirement Fund now owns 20,189 shares of the company’s stock worth $274,000 after purchasing an additional 9,519 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Price Performance

Shares of CFB traded up $0.13 during mid-day trading on Monday, hitting $12.89. 10,130 shares of the company were exchanged, compared to its average volume of 157,433. The company has a 50 day moving average of $12.85 and a 200-day moving average of $12.67. The stock has a market cap of $637.02 million, a price-to-earnings ratio of 9.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. CrossFirst Bankshares, Inc. has a 1-year low of $9.57 and a 1-year high of $15.07.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Stephens restated an “overweight” rating and set a $18.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. Finally, Janney Montgomery Scott initiated coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a “neutral” rating on the stock. One equities research 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, CrossFirst Bankshares currently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.