CrossFirst Bankshares (NASDAQ:CFB) Receives "Overweight" Rating from Stephens

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at Stephens in a report issued on Tuesday, Benzinga reports. They currently have a $18.00 target price on the stock. Stephens' target price would indicate a potential upside of 51.39% from the company's previous close.

Other equities research analysts have also issued reports about the company. Janney Montgomery Scott initiated coverage on CrossFirst Bankshares in a research report on Wednesday, February 21st. They set a "neutral" rating for the company. Raymond James upgraded CrossFirst Bankshares from a "market perform" rating to an "outperform" rating and set a $16.00 price target on the stock in a report on Friday, January 5th. Finally, Keefe, Bruyette & Woods lifted their price target on CrossFirst Bankshares from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. One 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.00.

CrossFirst Bankshares Trading Down 6.3 %

Shares of CFB stock traded down $0.80 on Tuesday, reaching $11.89. 381,672 shares of the company's stock were exchanged, compared to its average volume of 160,339. CrossFirst Bankshares has a 52 week low of $9.29 and a 52 week high of $15.07. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $587.66 million, a PE ratio of 8.81 and a beta of 0.99. The company's fifty day simple moving average is $13.12 and its 200 day simple moving average is $12.48.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $122.29 million during the quarter, compared to analyst estimates of $62.17 million. CrossFirst Bankshares had a return on equity of 11.00% and a net margin of 14.63%. During the same period last year, the company earned $0.36 EPS. As a group, analysts forecast that CrossFirst Bankshares will post 1.45 EPS for the current year.

Institutional Trading of CrossFirst Bankshares

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of CrossFirst Bankshares by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 79,800 shares of the company's stock valued at $798,000 after buying an additional 900 shares during the period. Credit Suisse AG lifted its holdings in shares of CrossFirst Bankshares by 3.5% in the 3rd quarter. Credit Suisse AG now owns 34,474 shares of the company's stock valued at $449,000 after buying an additional 1,152 shares during the period. TD Asset Management Inc lifted its holdings in shares of CrossFirst Bankshares by 1.7% in the 4th quarter. TD Asset Management Inc now owns 82,564 shares of the company's stock valued at $1,121,000 after buying an additional 1,400 shares during the period. Two Sigma Investments LP lifted its holdings in shares of CrossFirst Bankshares by 2.1% in the 3rd quarter. Two Sigma Investments LP now owns 78,996 shares of the company's stock valued at $1,031,000 after buying an additional 1,627 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of CrossFirst Bankshares by 8.2% in the 1st quarter. First Trust Advisors LP now owns 25,575 shares of the company's stock valued at $403,000 after buying an additional 1,946 shares during the period. Hedge funds and other institutional investors own 56.29% of the company's stock.

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.