CrossFirst Bankshares (NASDAQ:CFB) Upgraded to "Buy" at Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of CrossFirst Bankshares (NASDAQ:CFB - Free Report) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat reports. They currently have $21.00 price target on the stock.

A number of other research analysts have also recently commented on the company. Keefe, Bruyette & Woods reissued an outperform rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Stephens reiterated an overweight rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CrossFirst Bankshares has a consensus rating of Buy and an average target price of $18.50.

CrossFirst Bankshares Price Performance

CFB stock traded up $0.40 during mid-day trading on Tuesday, reaching $17.09. 403,043 shares of the company traded hands, compared to its average volume of 241,130. CrossFirst Bankshares has a 52-week low of $9.71 and a 52-week high of $19.22. The company has a market capitalization of $842.42 million, a P/E ratio of 12.13 and a beta of 1.03. 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 company has a fifty day moving average price of $16.82 and a 200-day moving average price of $14.33.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of CrossFirst Bankshares by 89.2% in the 4th quarter. New York State Common Retirement Fund now owns 20,189 shares of the company's stock worth $274,000 after acquiring an additional 9,519 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CrossFirst Bankshares by 14.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company's stock valued at $19,812,000 after purchasing an additional 187,077 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of CrossFirst Bankshares in the 4th quarter worth approximately $2,074,000. TD Asset Management Inc grew its stake in shares of CrossFirst Bankshares by 1.7% in the 4th quarter. TD Asset Management Inc now owns 82,564 shares of the company's stock worth $1,121,000 after buying an additional 1,400 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in CrossFirst Bankshares by 174.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 55,114 shares of the company's stock valued at $748,000 after buying an additional 35,022 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company's stock.

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.