John G Ullman & Associates Inc. Sells 2,000 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

John G Ullman & Associates Inc. cut its holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,663 shares of the company’s stock after selling 2,000 shares during the quarter. John G Ullman & Associates Inc.’s holdings in CrossFirst Bankshares were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CFB. Wellington Management Group LLP bought a new position in CrossFirst Bankshares in the 3rd quarter valued at approximately $1,618,000. Denali Advisors LLC lifted its position in CrossFirst Bankshares by 100.0% in the 4th quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock valued at $291,000 after acquiring an additional 10,700 shares in the last quarter. HighTower Advisors LLC lifted its position in CrossFirst Bankshares by 25.0% in the 3rd quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock valued at $1,766,000 after acquiring an additional 35,000 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in CrossFirst Bankshares by 17.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock valued at $2,330,000 after acquiring an additional 34,566 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new stake in CrossFirst Bankshares during the 3rd quarter valued at $2,002,000. 56.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James upgraded shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research note on Friday, January 5th. Stephens reiterated an “overweight” rating and set a $18.00 target price on shares of CrossFirst Bankshares in a research note on Tuesday. Janney Montgomery Scott assumed coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, CrossFirst Bankshares currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

CrossFirst Bankshares Trading Up 3.1 %

NASDAQ:CFB opened at $12.43 on Friday. 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 market capitalization of $614.29 million, a price-to-earnings ratio of 9.01 and a beta of 0.99. CrossFirst Bankshares, Inc. has a one year low of $9.29 and a one year high of $15.07. The business has a fifty day moving average price of $13.04 and a 200-day moving average price of $12.49.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $122.29 million during the quarter, compared to analyst estimates of $62.17 million. CrossFirst Bankshares had a return on equity of 11.05% and a net margin of 14.37%. During the same period in the prior year, the business posted $0.36 EPS. Sell-side analysts forecast that CrossFirst Bankshares, Inc. will post 1.43 EPS for the current year.

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.