American Century Companies Inc. Purchases 119,844 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

American Century Companies Inc. increased its holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 19.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 737,700 shares of the company's stock after buying an additional 119,844 shares during the period. American Century Companies Inc. owned 1.50% of CrossFirst Bankshares worth $10,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFB. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 187,077 shares in the last quarter. TD Asset Management Inc increased its stake in CrossFirst Bankshares by 1.7% in the fourth quarter. TD Asset Management Inc now owns 82,564 shares of the company's stock valued at $1,121,000 after acquiring an additional 1,400 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in CrossFirst Bankshares by 174.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 55,114 shares of the company's stock valued at $748,000 after purchasing an additional 35,022 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in CrossFirst Bankshares during the fourth quarter valued at about $2,074,000. Finally, Quadrature Capital Ltd bought a new stake in CrossFirst Bankshares during the fourth quarter worth about $140,000. Hedge funds and other institutional investors own 56.29% of the company's stock.

CrossFirst Bankshares Stock Down 1.8 %

NASDAQ CFB traded down $0.32 during trading hours on Monday, reaching $17.08. 231,356 shares of the company's stock traded hands, compared to its average volume of 244,665. CrossFirst Bankshares, Inc. has a 52-week low of $9.71 and a 52-week high of $19.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day simple moving average of $17.34 and a 200 day simple moving average of $14.61. The firm has a market cap of $841.92 million, a PE ratio of 12.40 and a beta of 1.03.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last announced its quarterly earnings data on Monday, July 15th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $63.59 million during the quarter, compared to analysts' expectations of $63.66 million. Sell-side analysts anticipate that CrossFirst Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CFB shares. Stephens reissued an "overweight" rating and issued a $17.00 price target on shares of CrossFirst Bankshares in a research note on Tuesday, July 16th. Janney Montgomery Scott upgraded CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a report on Tuesday, September 10th. Finally, 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. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $18.50.

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.