CrossFirst Bankshares, Inc. (NASDAQ:CFB) Director Purchases $100,000.00 in Stock

CrossFirst Bankshares, Inc. (NASDAQ:CFB) Director George Bruce purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at $100,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

CrossFirst Bankshares Stock Performance

CFB stock opened at $15.70 on Monday. CrossFirst Bankshares, Inc. has a twelve month low of $10.64 and a twelve month high of $19.22. The stock has a market capitalization of $773.85 million, a price-to-earnings ratio of 10.68 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $16.63 and its two-hundred day simple moving average is $15.25.

Institutional Trading of CrossFirst Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of CrossFirst Bankshares by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company’s stock valued at $31,401,000 after buying an additional 22,073 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 worth $26,228,000 after acquiring an additional 175,646 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of CrossFirst Bankshares by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock worth $10,343,000 after acquiring an additional 119,844 shares during the last quarter. Creative Planning boosted its holdings in CrossFirst Bankshares by 2.6% during the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock valued at $3,708,000 after acquiring an additional 6,749 shares during the period. Finally, Bank of New York Mellon Corp grew its position in CrossFirst Bankshares by 7.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 206,934 shares of the company’s stock valued at $2,901,000 after acquiring an additional 13,863 shares during the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CFB shares. Stephens restated an “overweight” rating and issued a $17.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 10th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CrossFirst Bankshares has a consensus rating of “Buy” and an average price target of $18.50.

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.