Geode Capital Management LLC Acquires 41,590 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Geode Capital Management LLC boosted its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,079,471 shares of the company's stock after buying an additional 41,590 shares during the period. Geode Capital Management LLC owned approximately 2.19% of CrossFirst Bankshares worth $18,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CFB. National Bank of Canada FI purchased a new position in CrossFirst Bankshares in the 3rd quarter worth approximately $25,000. Point72 DIFC Ltd bought a new stake in shares of CrossFirst Bankshares during the 3rd quarter worth $93,000. Quest Partners LLC grew its position in CrossFirst Bankshares by 3,091.7% in the third quarter. Quest Partners LLC now owns 8,107 shares of the company's stock worth $135,000 after acquiring an additional 7,853 shares in the last quarter. Centiva Capital LP bought a new position in CrossFirst Bankshares in the third quarter valued at $176,000. Finally, EP Wealth Advisors LLC purchased a new stake in CrossFirst Bankshares during the third quarter valued at about $211,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 note on Tuesday, September 10th.

CrossFirst Bankshares Trading Down 2.5 %

Shares of CFB stock traded down $0.39 on Friday, hitting $15.31. 111,810 shares of the company's stock traded hands, compared to its average volume of 240,396. The stock has a market capitalization of $755.01 million, a price-to-earnings ratio of 10.41 and a beta of 1.06. The company's fifty day simple moving average is $16.72 and its 200 day simple moving average is $16.39. CrossFirst Bankshares, Inc. has a one year low of $10.64 and a one year high of $19.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Insider Buying and Selling at CrossFirst Bankshares

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

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.