23,351 Shares in CrossFirst Bankshares, Inc. (NASDAQ:CFB) Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. purchased a new stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,351 shares of the company’s stock, valued at approximately $317,000. CrossFirst Bankshares makes up 0.4% of Watershed Asset Management L.L.C.’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in shares of CrossFirst Bankshares by 89.2% during the fourth quarter. New York State Common Retirement Fund now owns 20,189 shares of the company’s stock worth $274,000 after acquiring an additional 9,519 shares in the last quarter. Wedge Capital Management L L P NC raised its position in CrossFirst Bankshares by 12.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 39,944 shares of the company’s stock worth $542,000 after purchasing an additional 4,456 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CrossFirst Bankshares by 103.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,673 shares of the company’s stock worth $240,000 after purchasing an additional 8,972 shares during the last quarter. Greylin Investment Management Inc bought a new stake in CrossFirst Bankshares in the fourth quarter worth $536,000. Finally, Allspring Global Investments Holdings LLC boosted its position in CrossFirst Bankshares by 279.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock valued at $160,000 after buying an additional 8,647 shares during the period. Institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

CFB has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and set a $18.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods cut their price target on shares of CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Janney Montgomery Scott started coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They issued a “neutral” rating on the stock. Finally, Raymond James upgraded shares of CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Friday, January 5th. One research 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.00.

CrossFirst Bankshares Stock Up 1.0 %

Shares of CrossFirst Bankshares stock traded up $0.13 during trading on Tuesday, hitting $12.62. The company’s stock had a trading volume of 90,007 shares, compared to its average volume of 160,455. CrossFirst Bankshares, Inc. has a 52 week low of $9.29 and a 52 week high of $15.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $12.56. The company has a market capitalization of $623.68 million, a PE ratio of 9.14 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. CrossFirst Bankshares had a return on equity of 11.05% and a net margin of 14.37%. The company had revenue of $122.29 million during the quarter, compared to analyst estimates of $62.17 million. During the same quarter last year, the company earned $0.36 EPS. Equities research analysts predict that CrossFirst Bankshares, Inc. will post 1.43 earnings per share for the current year.

CrossFirst Bankshares Company 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.