HighTower Advisors LLC Has $480,000 Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

HighTower Advisors LLC lessened its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 16.6% in the fourth quarter, HoldingsChannel reports. The fund owned 31,686 shares of the company’s stock after selling 6,317 shares during the quarter. HighTower Advisors LLC’s holdings in CrossFirst Bankshares were worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFB. National Bank of Canada FI bought a new stake in CrossFirst Bankshares during the third quarter worth $25,000. Charles Schwab Investment Management Inc. grew its stake in shares of CrossFirst Bankshares by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,052 shares of the company’s stock worth $5,424,000 after acquiring an additional 2,547 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CrossFirst Bankshares by 9.2% in the 4th quarter. Principal Financial Group Inc. now owns 31,509 shares of the company’s stock worth $477,000 after acquiring an additional 2,648 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of CrossFirst Bankshares in the fourth quarter valued at about $45,000. Finally, R Squared Ltd bought a new position in shares of CrossFirst Bankshares during the fourth quarter valued at about $58,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Performance

Shares of CFB stock opened at $15.99 on Monday. 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 company has a market capitalization of $788.55 million, a price-to-earnings ratio of 10.25 and a beta of 1.07. CrossFirst Bankshares, Inc. has a 52-week low of $10.64 and a 52-week high of $19.22. The company has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $16.25.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. Research analysts anticipate that CrossFirst Bankshares, Inc. will post 1.7 EPS for the current fiscal year.

CrossFirst Bankshares 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.