Piper Sandler Trims CrossFirst Bankshares (NASDAQ:CFB) Target Price to $14.00

CrossFirst Bankshares (NASDAQ:CFBGet Rating) had its price target cut by Piper Sandler from $16.00 to $14.00 in a research report report published on Tuesday, The Fly reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently commented on CFB. Truist Financial set a $15.00 target price on CrossFirst Bankshares in a report on Wednesday, June 15th. Stephens decreased their target price on CrossFirst Bankshares from $18.00 to $17.00 and set an equal weight rating for the company in a report on Wednesday, April 20th. Finally, TheStreet cut CrossFirst Bankshares from a b- rating to a c rating in a research note on Tuesday, May 31st.

Shares of CFB stock opened at $13.48 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. CrossFirst Bankshares has a fifty-two week low of $11.81 and a fifty-two week high of $16.50. The stock has a 50 day moving average price of $13.21 and a two-hundred day moving average price of $14.75. The company has a market capitalization of $669.23 million, a P/E ratio of 9.36 and a beta of 1.30.

CrossFirst Bankshares (NASDAQ:CFBGet Rating) last announced its quarterly earnings data on Monday, April 18th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $48.06 million during the quarter, compared to the consensus estimate of $47.12 million. CrossFirst Bankshares had a return on equity of 11.50% and a net margin of 35.81%. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, equities analysts predict that CrossFirst Bankshares will post 1.33 earnings per share for the current year.

In other news, Director Michael Kent Robinson sold 3,000 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $13.50, for a total value of $40,500.00. Following the sale, the director now directly owns 113,668 shares of the company’s stock, valued at $1,534,518. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.96% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of CrossFirst Bankshares during the first quarter valued at $36,000. Citigroup Inc. lifted its holdings in CrossFirst Bankshares by 107.7% in the third quarter. Citigroup Inc. now owns 6,440 shares of the company’s stock valued at $84,000 after acquiring an additional 3,339 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CrossFirst Bankshares by 74.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,685 shares of the company’s stock valued at $89,000 after acquiring an additional 2,434 shares during the period. Allspring Global Investments Holdings LLC bought a new position in CrossFirst Bankshares in the fourth quarter valued at about $151,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in CrossFirst Bankshares by 9.1% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,654 shares of the company’s stock valued at $152,000 after acquiring an additional 968 shares during the period. 49.83% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Company Profile (Get Rating)

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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.

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