Jane Street Group LLC Purchases 36,562 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Jane Street Group LLC grew its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 55.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,126 shares of the company's stock after acquiring an additional 36,562 shares during the quarter. Jane Street Group LLC owned about 0.21% of CrossFirst Bankshares worth $1,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CFB. Bank of New York Mellon Corp boosted its holdings in shares of CrossFirst Bankshares by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company's stock worth $2,901,000 after purchasing an additional 13,863 shares in the last quarter. Rhumbline Advisers boosted its stake in CrossFirst Bankshares by 2.6% in the second quarter. Rhumbline Advisers now owns 74,214 shares of the company's stock worth $1,040,000 after buying an additional 1,895 shares in the last quarter. TD Asset Management Inc raised its stake in shares of CrossFirst Bankshares by 10.8% during the second quarter. TD Asset Management Inc now owns 93,564 shares of the company's stock worth $1,312,000 after acquiring an additional 9,130 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of CrossFirst Bankshares in the 2nd quarter worth approximately $990,000. Finally, ClariVest Asset Management LLC boosted its stake in shares of CrossFirst Bankshares by 2.5% in the 2nd quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company's stock valued at $1,173,000 after purchasing an additional 2,073 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CFB. Janney Montgomery Scott raised shares of 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. Keefe, Bruyette & Woods restated an "outperform" rating and set a $20.00 price target on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th.

Insider Activity

In related news, Director George Bruce purchased 100 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $1,000.00 per share, with a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.03% of the company's stock.

CrossFirst Bankshares Stock Up 0.3 %

Shares of CFB traded up $0.04 on Thursday, hitting $15.70. 94,503 shares of the stock traded hands, compared to its average volume of 240,912. CrossFirst Bankshares, Inc. has a one year low of $10.64 and a one year high of $19.22. The company has a market capitalization of $774.25 million, a PE ratio of 10.68 and a beta of 1.06. The business has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $16.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

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.