CrossFirst Bankshares, Inc. to Post FY2021 Earnings of $1.34 Per Share, Piper Sandler Forecasts (NASDAQ:CFB)

CrossFirst Bankshares, Inc. (NASDAQ:CFB) – Piper Sandler increased their FY2021 EPS estimates for shares of CrossFirst Bankshares in a report released on Tuesday, October 19th. Piper Sandler analyst A. Liesch now forecasts that the company will post earnings per share of $1.34 for the year, up from their previous forecast of $1.08. Piper Sandler also issued estimates for CrossFirst Bankshares’ FY2023 earnings at $1.35 EPS.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of CrossFirst Bankshares from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday. Stephens boosted their price objective on shares of CrossFirst Bankshares from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday.

Shares of NASDAQ CFB opened at $14.50 on Friday. CrossFirst Bankshares has a 12-month low of $8.25 and a 12-month high of $15.67. The firm’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $13.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.45. The company has a market cap of $739.33 million, a price-to-earnings ratio of 13.30 and a beta of 1.31.

CrossFirst Bankshares (NASDAQ:CFB) last announced its earnings results on Sunday, October 17th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10. CrossFirst Bankshares had a return on equity of 9.00% and a net margin of 27.62%. The company had revenue of $40.70 million for the quarter, compared to analysts’ expectations of $46.22 million. During the same quarter in the prior year, the business earned $0.15 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in CrossFirst Bankshares by 13.1% during the 1st quarter. BlackRock Inc. now owns 3,282,277 shares of the company’s stock worth $45,261,000 after acquiring an additional 380,789 shares during the period. Russell Investments Group Ltd. bought a new stake in CrossFirst Bankshares in the first quarter valued at about $177,000. UBS Group AG increased its holdings in CrossFirst Bankshares by 34.2% in the first quarter. UBS Group AG now owns 14,213 shares of the company’s stock valued at $196,000 after purchasing an additional 3,624 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in CrossFirst Bankshares by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 174,066 shares of the company’s stock valued at $2,400,000 after buying an additional 3,191 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in CrossFirst Bankshares by 13.7% during the first quarter. Geode Capital Management LLC now owns 822,684 shares of the company’s stock worth $11,344,000 after buying an additional 99,078 shares during the last quarter. 47.39% of the stock is currently owned by 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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.

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Earnings History and Estimates for CrossFirst Bankshares (NASDAQ:CFB)

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