CrossFirst Bankshares, Inc. (NASDAQ:CFB) Stock Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,910 shares of the company's stock after selling 32,440 shares during the quarter. Los Angeles Capital Management LLC owned about 0.07% of CrossFirst Bankshares worth $503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in CrossFirst Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company's stock worth $31,401,000 after acquiring an additional 22,073 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CrossFirst Bankshares by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company's stock worth $19,812,000 after purchasing an additional 187,077 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 valued at $2,901,000 after purchasing an additional 13,863 shares during the last quarter. Empowered Funds LLC boosted its holdings in CrossFirst Bankshares by 8.2% during the first quarter. Empowered Funds LLC now owns 161,607 shares of the company's stock worth $2,237,000 after buying an additional 12,217 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in CrossFirst Bankshares in the fourth quarter worth approximately $2,074,000. Institutional investors own 56.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CFB. Janney Montgomery Scott upgraded CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research report on Tuesday. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Finally, Stephens restated an "overweight" rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, CrossFirst Bankshares currently has an average rating of "Buy" and an average price target of $18.50.

CrossFirst Bankshares Stock Up 0.6 %

Shares of CrossFirst Bankshares stock traded up $0.11 during midday trading on Friday, hitting $17.22. The company's stock had a trading volume of 234,989 shares, compared to its average volume of 241,912. CrossFirst Bankshares, Inc. has a 1-year low of $9.71 and a 1-year high of $19.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $848.83 million, a P/E ratio of 12.48 and a beta of 1.03. The stock has a 50-day simple moving average of $17.06 and a 200-day simple moving average of $14.44.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last announced its quarterly earnings data on Monday, July 15th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. The firm had revenue of $63.59 million during the quarter, compared to analyst estimates of $63.66 million. As a group, sell-side analysts expect that CrossFirst Bankshares, Inc. will post 1.52 earnings per share for the current year.

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.