Wolverine Asset Management LLC Grows Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Wolverine Asset Management LLC grew its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 325.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,003 shares of the company’s stock after purchasing an additional 59,671 shares during the quarter. Wolverine Asset Management LLC owned about 0.16% of CrossFirst Bankshares worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in CrossFirst Bankshares by 10.2% during the third quarter. State Street Corp now owns 1,366,649 shares of the company’s stock worth $22,809,000 after purchasing an additional 126,096 shares during the period. Geode Capital Management LLC boosted its position in CrossFirst Bankshares by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,079,471 shares of the company’s stock worth $18,019,000 after purchasing an additional 41,590 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in CrossFirst Bankshares by 4.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 480,250 shares of the company’s stock worth $8,015,000 after purchasing an additional 22,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of CrossFirst Bankshares by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,505 shares of the company’s stock valued at $5,933,000 after acquiring an additional 7,823 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of CrossFirst Bankshares by 5.1% in the fourth quarter. Empowered Funds LLC now owns 155,486 shares of the company’s stock valued at $2,356,000 after acquiring an additional 7,508 shares during the period. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Price Performance

CFB stock opened at $16.14 on Friday. The firm has a 50 day moving average of $15.66 and a 200-day moving average of $16.44. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. CrossFirst Bankshares, Inc. has a 12 month low of $10.64 and a 12 month high of $19.22. The firm has a market capitalization of $795.86 million, a P/E ratio of 10.35 and a beta of 1.07.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a net margin of 15.18% and a return on equity of 11.06%. As a group, sell-side analysts predict that CrossFirst Bankshares, Inc. will post 1.7 earnings per share for the current fiscal 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.