Cornercap Investment Counsel Inc. Sells 42,627 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Cornercap Investment Counsel Inc. lessened its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 47.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,336 shares of the company’s stock after selling 42,627 shares during the quarter. Cornercap Investment Counsel Inc. owned approximately 0.10% of CrossFirst Bankshares worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC boosted its holdings in CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after purchasing an additional 2,294 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in CrossFirst Bankshares in the first quarter valued at $138,000. Russell Investments Group Ltd. acquired a new position in CrossFirst Bankshares during the first quarter worth $173,000. FAS Wealth Partners Inc. bought a new position in shares of CrossFirst Bankshares during the second quarter valued at $177,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of CrossFirst Bankshares by 9.2% in the 1st 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. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Stock Performance

CFB stock opened at $17.13 on Friday. The company has a 50 day moving average price of $16.55 and a 200 day moving average price of $15.56. CrossFirst Bankshares, Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $844.51 million, a PE ratio of 11.65 and a beta of 1.04.

Insider Activity

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the transaction, the director now owns 100 shares of the company’s stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $20.00 price target on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.50.

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.