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

CrossFirst Bankshares (NASDAQ:CFB)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $18.00 target price on the stock. Stephens’ price target suggests a potential upside of 52.41% from the stock’s previous close.

CFB has been the topic of a number of other research reports. Raymond James raised 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. Keefe, Bruyette & Woods upped their price objective on CrossFirst Bankshares from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Janney Montgomery Scott assumed coverage on CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

CrossFirst Bankshares Trading Down 0.7 %

Shares of CFB stock opened at $11.81 on Tuesday. The stock has a market cap of $583.65 million, a P/E ratio of 8.56 and a beta of 0.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. CrossFirst Bankshares has a fifty-two week low of $9.29 and a fifty-two week high of $15.07. The business has a fifty day simple moving average of $13.09 and a 200-day simple moving average of $12.47.

CrossFirst Bankshares (NASDAQ:CFB) last posted its earnings results 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 firm had revenue of $122.29 million during the quarter, compared to the consensus estimate of $62.17 million. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. During the same period last year, the firm posted $0.36 EPS. On average, analysts forecast that CrossFirst Bankshares will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of CrossFirst Bankshares by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 185,579 shares of the company’s stock worth $2,925,000 after acquiring an additional 2,684 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of CrossFirst Bankshares by 54.3% in the 1st quarter. MetLife Investment Management LLC now owns 25,491 shares of the company’s stock valued at $402,000 after purchasing an additional 8,972 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CrossFirst Bankshares by 30.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 500,153 shares of the company’s stock valued at $7,882,000 after buying an additional 117,659 shares during the period. Vanguard Group Inc. increased its holdings in shares of CrossFirst Bankshares by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,184,812 shares of the company’s stock worth $34,433,000 after buying an additional 37,477 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of CrossFirst Bankshares by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 1,890,831 shares of the company’s stock worth $29,799,000 after buying an additional 403,220 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

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.