Wedge Capital Management L L P NC Has $542,000 Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Wedge Capital Management L L P NC increased its stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 12.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,944 shares of the company’s stock after purchasing an additional 4,456 shares during the quarter. Wedge Capital Management L L P NC’s holdings in CrossFirst Bankshares were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in CrossFirst Bankshares in the 3rd quarter worth $1,618,000. HighTower Advisors LLC boosted its stake in shares of CrossFirst Bankshares by 25.0% during the 3rd quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock worth $1,766,000 after buying an additional 35,000 shares during the last quarter. Denali Advisors LLC boosted its stake in shares of CrossFirst Bankshares by 100.0% during the 4th quarter. Denali Advisors LLC now owns 21,400 shares of the company’s stock worth $291,000 after buying an additional 10,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CrossFirst Bankshares by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,178,409 shares of the company’s stock worth $21,980,000 after buying an additional 31,452 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of CrossFirst Bankshares by 17.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock worth $2,330,000 after buying an additional 34,566 shares during the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CFB shares. Raymond James upgraded shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Friday, January 5th. Stephens restated an “overweight” rating and set a $18.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. Janney Montgomery Scott started 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 reduced their price objective 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, April 17th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, CrossFirst Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

CrossFirst Bankshares Trading Up 0.2 %

Shares of NASDAQ:CFB opened at $12.51 on Friday. CrossFirst Bankshares, Inc. has a 52-week low of $9.29 and a 52-week high of $15.07. The company has a market capitalization of $618.24 million, a P/E ratio of 9.07 and a beta of 0.99. The company has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $12.57. 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 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.