Wedge Capital Management L L P NC Has $542,000 Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Wedge Capital Management L L P NC boosted its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,944 shares of the company’s stock after purchasing an additional 4,456 shares during the period. Wedge Capital Management L L P NC owned 0.08% of CrossFirst Bankshares worth $542,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in CrossFirst Bankshares during the third quarter valued at $1,618,000. HighTower Advisors LLC raised its holdings in CrossFirst Bankshares by 25.0% during the third quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock valued at $1,766,000 after buying an additional 35,000 shares in the last quarter. Denali Advisors LLC raised its holdings in CrossFirst Bankshares by 100.0% during the fourth quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock valued at $291,000 after buying an additional 10,700 shares in the last quarter. Vanguard Group Inc. raised its holdings in CrossFirst Bankshares by 1.5% during the third quarter. Vanguard Group Inc. now owns 2,178,409 shares of the company’s stock valued at $21,980,000 after buying an additional 31,452 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in CrossFirst Bankshares by 17.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock valued at $2,330,000 after buying an additional 34,566 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Up 0.2 %

CrossFirst Bankshares stock opened at $12.51 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $12.94 and its 200-day simple moving average is $12.57. The firm has a market capitalization of $618.24 million, a PE ratio of 9.07 and a beta of 0.99. CrossFirst Bankshares, Inc. has a 52 week low of $9.29 and a 52 week high of $15.07.

Analysts Set New Price Targets

CFB has been the topic of several recent research reports. Raymond James upgraded CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a report on Friday, January 5th. Keefe, Bruyette & Woods cut their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Janney Montgomery Scott initiated coverage on CrossFirst Bankshares in a report on Wednesday, February 21st. They set a “neutral” rating on the stock. Finally, Stephens restated an “overweight” rating and set a $18.00 target price on shares of CrossFirst Bankshares in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, CrossFirst Bankshares presently has an average rating of “Moderate Buy” and an average target price of $17.00.

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.