CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC reduced its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 964,090 shares of the company's stock after selling 408,690 shares during the quarter. CrossFirst Bankshares makes up 1.7% of Banc Funds Co. LLC's investment portfolio, making the stock its 17th biggest holding. Banc Funds Co. LLC owned about 1.96% of CrossFirst Bankshares worth $16,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CFB. Principal Financial Group Inc. acquired a new stake in shares of CrossFirst Bankshares in the 3rd quarter valued at about $482,000. FAS Wealth Partners Inc. purchased a new stake in CrossFirst Bankshares during the 2nd quarter valued at approximately $177,000. Creative Planning raised its stake in CrossFirst Bankshares by 2.6% during the 2nd quarter. Creative Planning now owns 264,498 shares of the company's stock valued at $3,708,000 after acquiring an additional 6,749 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in CrossFirst Bankshares during the 3rd quarter valued at approximately $848,000. Finally, Comerica Bank purchased a new stake in CrossFirst Bankshares during the 1st quarter valued at approximately $181,000. 56.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrossFirst Bankshares

In other news, Director George Bruce acquired 100 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the purchase, the director now directly owns 100 shares of the company's stock, valued at approximately $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.30% of the company's stock.

Analysts Set New Price Targets

CFB has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Tuesday, September 10th.

CrossFirst Bankshares Stock Performance

Shares of CFB stock traded up $0.38 during trading hours on Monday, reaching $17.69. 109,587 shares of the company's stock were exchanged, compared to its average volume of 244,218. The company has a market cap of $872.38 million, a P/E ratio of 11.80 and a beta of 1.04. The company's 50 day moving average is $16.61 and its two-hundred day moving average is $15.92. CrossFirst Bankshares, Inc. has a 1 year low of $10.64 and a 1 year high of $19.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97.

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.