State of New Jersey Common Pension Fund D Cuts Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

State of New Jersey Common Pension Fund D lowered its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB - Free Report) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,215 shares of the company's stock after selling 37,491 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.22% of CrossFirst Bankshares worth $1,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CFB. Dimensional Fund Advisors LP boosted its holdings in shares of CrossFirst Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company's stock valued at $26,228,000 after acquiring an additional 175,646 shares during the last quarter. American Century Companies Inc. raised its stake in CrossFirst Bankshares by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company's stock valued at $10,343,000 after buying an additional 119,844 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in CrossFirst Bankshares during the 2nd quarter valued at $990,000. AQR Capital Management LLC lifted its holdings in shares of CrossFirst Bankshares by 38.9% during the 2nd quarter. AQR Capital Management LLC now owns 166,833 shares of the company's stock valued at $2,339,000 after buying an additional 46,711 shares during the period. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of CrossFirst Bankshares in the 3rd quarter worth $659,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrossFirst Bankshares

In other news, Director George Bruce acquired 100 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now directly owns 100 shares in the company, valued at $100,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.03% of the company's stock.

CrossFirst Bankshares Stock Performance

Shares of NASDAQ CFB traded down $0.02 during trading on Tuesday, hitting $17.07. The company had a trading volume of 72,269 shares, compared to its average volume of 246,805. The stock has a 50 day simple moving average of $16.56 and a 200 day simple moving average of $15.64. The firm has a market capitalization of $841.72 million, a P/E ratio of 11.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. CrossFirst Bankshares, Inc. has a 12 month low of $10.64 and a 12 month high of $19.22.

Analysts Set New Price Targets

Several research analysts have issued reports on CFB shares. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research report on Wednesday, August 28th. Janney Montgomery Scott upgraded shares of CrossFirst Bankshares from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target 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.