UMB Bank n.a. Trims Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

UMB Bank n.a. cut its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFBFree Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,981 shares of the company’s stock after selling 10,000 shares during the quarter. UMB Bank n.a.’s holdings in CrossFirst Bankshares were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CFB. Vanguard Group Inc. raised its holdings in shares of CrossFirst Bankshares by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,184,812 shares of the company’s stock worth $34,433,000 after purchasing an additional 37,477 shares during the period. Federated Hermes Inc. grew its stake in shares of CrossFirst Bankshares by 27.1% in the first quarter. Federated Hermes Inc. now owns 1,890,831 shares of the company’s stock valued at $29,799,000 after buying an additional 403,220 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CrossFirst Bankshares by 10.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,635 shares of the company’s stock valued at $11,457,000 after buying an additional 103,822 shares during the period. State Street Corp raised its holdings in shares of CrossFirst Bankshares by 0.8% during the 2nd 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 period. Finally, Geode Capital Management LLC raised its holdings in shares of CrossFirst Bankshares by 9.1% during the 1st quarter. Geode Capital Management LLC now owns 939,806 shares of the company’s stock valued at $9,849,000 after buying an additional 78,257 shares during the period. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Price Performance

CFB stock opened at $13.05 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. CrossFirst Bankshares, Inc. has a 52-week low of $9.29 and a 52-week high of $15.07. The stock’s 50 day moving average is $13.38 and its two-hundred day moving average is $12.29. The company has a market capitalization of $644.93 million, a PE ratio of 9.67 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFBGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a return on equity of 11.00% and a net margin of 14.63%. The company had revenue of $122.29 million for the quarter, compared to the consensus estimate of $62.17 million. During the same period in the previous year, the business earned $0.36 EPS. Analysts predict that CrossFirst Bankshares, Inc. will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CFB has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on CrossFirst Bankshares in a report on Wednesday, February 21st. They set a “neutral” rating on the stock. Stephens upgraded CrossFirst Bankshares from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $16.00 to $18.00 in a report on Wednesday, January 24th. 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. Finally, Keefe, Bruyette & Woods raised their target price on CrossFirst Bankshares from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

View Our Latest Research Report on CrossFirst Bankshares

CrossFirst Bankshares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrossFirst Bankshares (NASDAQ:CFB)

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