Philip James Wealth Mangement LLC Takes Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Philip James Wealth Mangement LLC acquired a new position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,500 shares of the company's stock, valued at approximately $659,000. Philip James Wealth Mangement LLC owned approximately 0.08% of CrossFirst Bankshares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CFB. EntryPoint Capital LLC lifted its stake in CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company's stock worth $49,000 after purchasing an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of CrossFirst Bankshares during the first quarter valued at $138,000. Russell Investments Group Ltd. bought a new position in shares of CrossFirst Bankshares in the 1st quarter valued at about $173,000. FAS Wealth Partners Inc. acquired a new stake in CrossFirst Bankshares during the 2nd quarter worth $177,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of CrossFirst Bankshares by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company's stock valued at $178,000 after acquiring an additional 1,082 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Stock Up 0.3 %

Shares of NASDAQ CFB traded up $0.05 during mid-day trading on Friday, reaching $17.08. 257,684 shares of the company's stock were exchanged, compared to its average volume of 247,673. CrossFirst Bankshares, Inc. has a twelve month low of $10.64 and a twelve month high of $19.22. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $842.04 million, a price-to-earnings ratio of 11.69 and a beta of 1.04. The business has a fifty day simple moving average of $16.54 and a 200 day simple moving average of $15.36.

Analysts Set New Price Targets

A number of brokerages recently commented on CFB. Janney Montgomery Scott raised CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $20.00 price objective on shares of CrossFirst Bankshares in a research note 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 data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $18.50.

Insider Buying and Selling

In related news, Director George Bruce acquired 100 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now directly owns 100 shares in the company, valued at approximately $100,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.03% of the stock is owned by company insiders.

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.