Dimensional Fund Advisors LP Has $26.23 Million Stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Dimensional Fund Advisors LP raised its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,870,785 shares of the company's stock after buying an additional 175,646 shares during the period. Dimensional Fund Advisors LP owned about 3.80% of CrossFirst Bankshares worth $26,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CFB. Cornercap Investment Counsel Inc. increased its position in CrossFirst Bankshares by 19.0% in the second quarter. Cornercap Investment Counsel Inc. now owns 89,963 shares of the company's stock worth $1,261,000 after purchasing an additional 14,391 shares during the period. American Century Companies Inc. grew its position in shares of CrossFirst Bankshares by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock worth $10,343,000 after buying an additional 119,844 shares during the period. ClariVest Asset Management LLC raised its stake in shares of CrossFirst Bankshares by 2.5% during the second quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company's stock worth $1,173,000 after buying an additional 2,073 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CrossFirst Bankshares in the second quarter valued at approximately $990,000. Finally, TD Asset Management Inc boosted its stake in CrossFirst Bankshares by 10.8% in the second quarter. TD Asset Management Inc now owns 93,564 shares of the company's stock valued at $1,312,000 after acquiring an additional 9,130 shares during the last quarter. Institutional investors own 56.29% of the company's stock.

CrossFirst Bankshares Trading Down 0.9 %

Shares of NASDAQ CFB traded down $0.14 during midday trading on Thursday, reaching $15.80. 315,569 shares of the stock were exchanged, compared to its average volume of 245,451. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. CrossFirst Bankshares, Inc. has a 12 month low of $9.75 and a 12 month high of $19.22. The business has a 50-day simple moving average of $17.15 and a two-hundred day simple moving average of $14.80. The company has a market capitalization of $778.83 million, a price-to-earnings ratio of 11.45 and a beta of 1.03.

CrossFirst Bankshares (NASDAQ:CFB - Get Free Report) last posted its earnings results 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. The firm had revenue of $63.59 million during the quarter, compared to analysts' expectations of $63.66 million. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. As a group, equities research analysts expect that CrossFirst Bankshares, Inc. will post 1.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFB. 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 raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research note on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $18.50.

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.