CrossFirst Bankshares, Inc. (NASDAQ:CFB) Stake Lowered by Financial Counselors Inc.

Financial Counselors Inc. decreased its stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,838 shares of the company’s stock after selling 10,656 shares during the period. Financial Counselors Inc. owned 0.10% of CrossFirst Bankshares worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CFB. Vanguard Group Inc. lifted its position in CrossFirst Bankshares by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company’s stock valued at $31,401,000 after purchasing an additional 22,073 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of CrossFirst Bankshares by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,920 shares of the company’s stock worth $179,000 after buying an additional 1,985 shares during the period. Comerica Bank acquired a new position in shares of CrossFirst Bankshares during the first quarter worth approximately $181,000. Bank of New York Mellon Corp grew its holdings in CrossFirst Bankshares by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company’s stock worth $2,901,000 after buying an additional 13,863 shares in the last quarter. Finally, FAS Wealth Partners Inc. acquired a new stake in CrossFirst Bankshares in the 2nd quarter valued at approximately $177,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 100 shares in the company, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.30% of the stock is owned by corporate insiders.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ CFB opened at $17.31 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $15.88. The firm has a market cap of $853.56 million, a P/E ratio of 11.78 and a beta of 1.04. CrossFirst Bankshares, Inc. has a 1 year low of $10.64 and a 1 year high of $19.22.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $20.00 price target on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, September 10th.

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 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.