Franklin Resources Inc. Purchases 35,858 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Franklin Resources Inc. raised its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 211.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 52,789 shares of the company's stock after acquiring an additional 35,858 shares during the period. Franklin Resources Inc. owned approximately 0.11% of CrossFirst Bankshares worth $845,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of CrossFirst Bankshares by 7.2% during the second quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company's stock worth $2,901,000 after acquiring an additional 13,863 shares in the last quarter. Rhumbline Advisers increased its holdings in CrossFirst Bankshares by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 74,214 shares of the company's stock worth $1,040,000 after purchasing an additional 1,895 shares in the last quarter. TD Asset Management Inc raised its stake in shares of CrossFirst Bankshares by 10.8% in the second quarter. TD Asset Management Inc now owns 93,564 shares of the company's stock worth $1,312,000 after purchasing an additional 9,130 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. Finally, ClariVest Asset Management LLC boosted its position in shares of CrossFirst Bankshares by 2.5% during the second quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company's stock valued at $1,173,000 after buying an additional 2,073 shares during the last quarter. Institutional investors own 56.29% of the company's stock.

CrossFirst Bankshares Stock Performance

Shares of CFB stock traded down $0.09 during trading on Monday, hitting $15.22. The company's stock had a trading volume of 81,010 shares, compared to its average volume of 239,761. The business has a fifty day moving average of $16.72 and a 200-day moving average of $16.42. The company has a market cap of $750.57 million, a PE ratio of 10.35 and a beta of 1.06. CrossFirst Bankshares, Inc. has a 52 week low of $10.64 and a 52 week high of $19.22. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a research report on Tuesday, September 10th.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares of the company's stock, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company's stock.

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.