70,779 Shares in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new position in CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,779 shares of the company's stock, valued at approximately $990,000. Acadian Asset Management LLC owned 0.14% of CrossFirst Bankshares as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EntryPoint Capital LLC boosted its stake in shares of CrossFirst Bankshares by 182.8% in the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company's stock worth $49,000 after acquiring an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in CrossFirst Bankshares in the 1st quarter worth approximately $138,000. Quadrature Capital Ltd purchased a new stake in CrossFirst Bankshares during the 4th quarter valued at approximately $140,000. Russell Investments Group Ltd. bought a new stake in shares of CrossFirst Bankshares during the first quarter valued at approximately $173,000. Finally, FAS Wealth Partners Inc. bought a new stake in shares of CrossFirst Bankshares during the second quarter valued at approximately $177,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

CrossFirst Bankshares Stock Performance

Shares of CrossFirst Bankshares stock traded down $0.10 on Tuesday, reaching $17.29. 353,737 shares of the stock were exchanged, compared to its average volume of 242,464. The business has a 50 day moving average price of $17.13 and a two-hundred day moving average price of $14.48. The firm has a market capitalization of $852.28 million, a price-to-earnings ratio of 12.53 and a beta of 1.03. CrossFirst Bankshares, Inc. has a twelve month low of $9.71 and a twelve month 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.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last announced its earnings results on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. The business had revenue of $63.59 million during the quarter, compared to the consensus estimate of $63.66 million. Analysts anticipate that CrossFirst Bankshares, Inc. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CFB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Stephens restated an "overweight" rating and set a $17.00 target price on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Finally, Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $18.50.

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.