Cornercap Investment Counsel Inc. Sells 42,627 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Cornercap Investment Counsel Inc. lessened its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 47.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,336 shares of the company's stock after selling 42,627 shares during the period. Cornercap Investment Counsel Inc. owned 0.10% of CrossFirst Bankshares worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFB. Dimensional Fund Advisors LP increased its position in CrossFirst Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company's stock valued at $26,228,000 after buying an additional 175,646 shares in the last quarter. American Century Companies Inc. raised its stake in shares of CrossFirst Bankshares by 19.4% in the second quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock worth $10,343,000 after purchasing an additional 119,844 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of CrossFirst Bankshares in the second quarter valued at approximately $990,000. AQR Capital Management LLC grew its holdings in CrossFirst Bankshares by 38.9% during the second quarter. AQR Capital Management LLC now owns 166,833 shares of the company's stock worth $2,339,000 after buying an additional 46,711 shares in the last quarter. Finally, Philip James Wealth Mangement LLC purchased a new stake in CrossFirst Bankshares in the 3rd quarter valued at $659,000. 56.29% of the stock is owned by institutional investors and hedge funds.

CrossFirst Bankshares Stock Performance

CFB traded down $0.14 during trading on Friday, hitting $17.13. 195,985 shares of the company traded hands, compared to its average volume of 247,631. The firm has a market cap of $844.51 million, a P/E ratio of 11.65 and a beta of 1.04. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. CrossFirst Bankshares, Inc. has a one year low of $10.64 and a one year high of $19.22. The stock's fifty day moving average is $16.55 and its 200 day moving average is $15.56.

Insider Activity

In other news, Director George Bruce acquired 100 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 100 shares of the company's stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.30% of the company's stock.

Wall Street Analyst Weigh In

CFB has been the topic of a number of analyst reports. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Tuesday, September 10th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $18.50.

CrossFirst Bankshares Company 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.