Skandinaviska Enskilda Banken AB publ Increases Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Skandinaviska Enskilda Banken AB publ increased its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 782.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 176,466 shares of the company’s stock after acquiring an additional 156,466 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.36% of CrossFirst Bankshares worth $2,686,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in CrossFirst Bankshares during the 3rd quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in CrossFirst Bankshares during the 4th quarter valued at $45,000. R Squared Ltd purchased a new stake in CrossFirst Bankshares during the 4th quarter valued at $58,000. Point72 DIFC Ltd purchased a new stake in CrossFirst Bankshares during the 3rd quarter valued at $93,000. Finally, Quest Partners LLC raised its stake in CrossFirst Bankshares by 3,091.7% during the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after buying an additional 7,853 shares during the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Price Performance

Shares of CFB opened at $15.99 on Monday. The firm has a market cap of $788.55 million, a PE ratio of 10.25 and a beta of 1.07. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $15.78 and a two-hundred day simple moving average of $16.33. CrossFirst Bankshares, Inc. has a 1-year low of $10.64 and a 1-year high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.45 earnings per share (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%. On average, equities analysts anticipate that CrossFirst Bankshares, Inc. will post 1.7 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.