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

CrossFirst Bankshares (NASDAQ:CFB) had its target price decreased by equities research analysts at Keefe, Bruyette & Woods from $20.00 to $17.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 43.58% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $18.00 price objective on shares of CrossFirst Bankshares in a report on Tuesday. Janney Montgomery Scott started coverage on CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a “neutral” rating on the stock. Finally, Raymond James upgraded CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Friday, January 5th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, CrossFirst Bankshares has a consensus rating of “Moderate Buy” and an average price target of $17.00.

CrossFirst Bankshares Trading Down 0.4 %

CrossFirst Bankshares stock traded down $0.05 during trading hours on Wednesday, reaching $11.84. 131,248 shares of the company’s stock were exchanged, compared to its average volume of 159,851. The firm has a market capitalization of $585.13 million, a PE ratio of 8.57 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. The firm’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $12.48. CrossFirst Bankshares has a twelve month low of $9.29 and a twelve month high of $15.07.

CrossFirst Bankshares (NASDAQ:CFB) last released 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. The company had revenue of $122.29 million for the quarter, compared to analysts’ expectations of $62.17 million. CrossFirst Bankshares had a return on equity of 11.05% and a net margin of 14.37%. During the same period in the previous year, the business posted $0.36 EPS. Research analysts predict that CrossFirst Bankshares will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On CrossFirst Bankshares

A number of institutional investors have recently made changes to their positions in CFB. Vanguard Group Inc. lifted its holdings in shares of CrossFirst Bankshares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 2,246,759 shares of the company’s stock worth $30,511,000 after acquiring an additional 68,350 shares during the last quarter. Federated Hermes Inc. lifted its stake in CrossFirst Bankshares by 27.1% in the first quarter. Federated Hermes Inc. now owns 1,890,831 shares of the company’s stock worth $29,799,000 after purchasing an additional 403,220 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CrossFirst Bankshares by 14.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock valued at $19,812,000 after buying an additional 187,077 shares during the period. State Street Corp grew its stake in shares of CrossFirst Bankshares by 0.8% during the second quarter. State Street Corp now owns 1,136,417 shares of the company’s stock valued at $11,364,000 after buying an additional 9,263 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of CrossFirst Bankshares by 9.1% in the 1st quarter. Geode Capital Management LLC now owns 939,806 shares of the company’s stock valued at $9,849,000 after acquiring an additional 78,257 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

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.