CrossFirst Bankshares (NASDAQ:CFB) Stock Rating Reaffirmed by Stephens

CrossFirst Bankshares (NASDAQ:CFB)‘s stock had its “overweight” rating reiterated by Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $18.00 price target on the stock. Stephens’ target price points to a potential upside of 52.41% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on CFB. Keefe, Bruyette & Woods raised their target price on CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Janney Montgomery Scott began coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They issued a “neutral” rating on the stock. Finally, Raymond James raised shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research note on Friday, January 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.00.

CrossFirst Bankshares Stock Performance

Shares of CrossFirst Bankshares stock opened at $11.81 on Tuesday. The business’s 50 day moving average price is $13.09 and its 200 day moving average price is $12.47. The company has a market cap of $583.65 million, a price-to-earnings ratio of 8.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. CrossFirst Bankshares has a one year low of $9.29 and a one year high of $15.07.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $122.29 million for the quarter, compared to analyst estimates of $62.17 million. CrossFirst Bankshares had a return on equity of 11.05% and a net margin of 14.37%. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, research analysts predict that CrossFirst Bankshares will post 1.45 EPS for the current year.

Hedge Funds Weigh In On CrossFirst Bankshares

A number of hedge funds and other institutional investors have recently bought and sold shares of CFB. Lazard Asset Management LLC acquired a new position in shares of CrossFirst Bankshares in the first quarter worth $36,000. Tower Research Capital LLC TRC boosted its holdings in CrossFirst Bankshares by 698.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock valued at $105,000 after purchasing an additional 6,792 shares during the period. Tower Research Capital LLC TRC grew its stake in CrossFirst Bankshares by 906.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,960 shares of the company’s stock worth $130,000 after purchasing an additional 8,970 shares in the last quarter. Sei Investments Co. purchased a new stake in CrossFirst Bankshares during the 1st quarter worth about $107,000. Finally, Quadrature Capital Ltd acquired a new stake in CrossFirst Bankshares in the 4th quarter valued at about $140,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

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.