Cornercap Investment Counsel Inc. Raises Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Cornercap Investment Counsel Inc. grew its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,963 shares of the company’s stock after purchasing an additional 14,391 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.18% of CrossFirst Bankshares worth $1,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CFB. New York State Common Retirement Fund lifted its holdings in shares of CrossFirst Bankshares by 89.2% during the 4th quarter. New York State Common Retirement Fund now owns 20,189 shares of the company’s stock valued at $274,000 after purchasing an additional 9,519 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CrossFirst Bankshares by 14.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock valued at $19,812,000 after purchasing an additional 187,077 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of CrossFirst Bankshares in the 4th quarter valued at $2,074,000. TD Asset Management Inc increased its position 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 acquiring an additional 1,400 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of CrossFirst Bankshares by 174.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 55,114 shares of the company’s stock valued at $748,000 after acquiring an additional 35,022 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CFB. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Janney Montgomery Scott raised CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday. Finally, Stephens reissued an “overweight” rating and issued a $17.00 target price on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, CrossFirst Bankshares currently has a consensus rating of “Buy” and a consensus price target of $18.50.

CrossFirst Bankshares Price Performance

Shares of CFB opened at $17.11 on Friday. The business’s 50-day moving average is $16.99 and its two-hundred day moving average is $14.40. The company has a market capitalization of $843.40 million, a P/E ratio of 12.40 and a beta of 1.03. 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, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings results on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $63.59 million for the quarter, compared to the consensus estimate of $63.66 million. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. Research analysts predict that CrossFirst Bankshares, Inc. will post 1.52 earnings per share for the current year.

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.