Keefe, Bruyette & Woods Lowers CrossFirst Bankshares (NASDAQ:CFB) Price Target to $17.00

CrossFirst Bankshares (NASDAQ:CFB) had its price target decreased by analysts at Keefe, Bruyette & Woods from $20.00 to $17.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 40.96% from the stock’s current price.

A number of other brokerages also recently issued reports on CFB. Raymond James raised shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a report on Friday, January 5th. Stephens reaffirmed an “overweight” rating and set a $18.00 price target on shares of CrossFirst Bankshares in a report on Tuesday. Finally, Janney Montgomery Scott began coverage on shares of CrossFirst Bankshares in a report on Wednesday, February 21st. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

CrossFirst Bankshares Stock Performance

Shares of CFB stock opened at $12.06 on Wednesday. CrossFirst Bankshares has a one year low of $9.29 and a one year high of $15.07. The company’s 50-day moving average is $13.06 and its 200 day moving average is $12.47. The company has a market capitalization of $596.01 million, a price-to-earnings ratio of 8.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The company had revenue of $122.29 million for the quarter, compared to the consensus estimate of $62.17 million. During the same period in the prior year, the firm posted $0.36 EPS. Sell-side analysts expect that CrossFirst Bankshares will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CrossFirst Bankshares

Several institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of CrossFirst Bankshares by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after purchasing an additional 1,082 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of CrossFirst Bankshares by 15.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 68,350 shares of the company’s stock worth $946,000 after purchasing an additional 9,262 shares during the period. Quadrature Capital Ltd bought a new position in shares of CrossFirst Bankshares in the 4th quarter worth approximately $140,000. Vanguard Group Inc. lifted its stake in shares of CrossFirst Bankshares by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 2,246,759 shares of the company’s stock worth $30,511,000 after purchasing an additional 68,350 shares during the period. Finally, SageView Advisory Group LLC bought a new position in shares of CrossFirst Bankshares in the 4th quarter worth approximately $2,074,000. 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.