CrossFirst Bankshares (NASDAQ:CFB) PT Lowered to $17.00 at Keefe, Bruyette & Woods

CrossFirst Bankshares (NASDAQ:CFB) had its price target reduced by Keefe, Bruyette & Woods from $20.00 to $17.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently commented on CFB. Raymond James raised shares of CrossFirst Bankshares from a market perform rating to an outperform rating and set a $16.00 target price on the stock in a research note on Friday, January 5th. Stephens reiterated an overweight rating and set a $18.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday. Finally, Janney Montgomery Scott began coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a neutral rating for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $17.00.

CrossFirst Bankshares Price Performance

Shares of CFB stock opened at $12.43 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is $13.04 and its two-hundred day moving average is $12.49. CrossFirst Bankshares has a 12 month low of $9.29 and a 12 month high of $15.07. The company has a market capitalization of $614.29 million, a PE ratio of 9.01 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFB) last issued its earnings results on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The company had revenue of $122.29 million for the quarter, compared to the consensus estimate of $62.17 million. During the same period in the previous year, the firm earned $0.36 earnings per share. Analysts predict that CrossFirst Bankshares will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of CrossFirst Bankshares by 1.1% in the second quarter. Renaissance Technologies LLC now owns 79,800 shares of the company’s stock valued at $798,000 after purchasing an additional 900 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of CrossFirst Bankshares by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock valued at $178,000 after purchasing an additional 1,082 shares in the last quarter. Credit Suisse AG grew its holdings in shares of CrossFirst Bankshares by 3.5% in the third quarter. Credit Suisse AG now owns 34,474 shares of the company’s stock valued at $449,000 after purchasing an additional 1,152 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of CrossFirst Bankshares by 1.7% in the fourth quarter. TD Asset Management Inc now owns 82,564 shares of the company’s stock valued at $1,121,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of CrossFirst Bankshares by 2.1% in the third quarter. Two Sigma Investments LP now owns 78,996 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

About CrossFirst Bankshares

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.