CrossFirst Bankshares (NASDAQ:CFB) Earns “Overweight” Rating from Stephens

Stephens reiterated their overweight rating on shares of CrossFirst Bankshares (NASDAQ:CFB) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $18.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the stock. Raymond James upgraded shares of CrossFirst Bankshares from a market perform rating to an outperform rating and set a $16.00 price objective on the stock in a research note on Friday, January 5th. Janney Montgomery Scott initiated coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a neutral rating on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CrossFirst Bankshares from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $17.00.

CrossFirst Bankshares Price Performance

CFB opened at $12.43 on Tuesday. 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 stock has a market capitalization of $614.29 million, a P/E ratio of 9.01 and a beta of 0.99. The company’s 50-day simple moving average is $13.04 and its two-hundred day simple moving average is $12.49. CrossFirst Bankshares has a 52-week low of $9.29 and a 52-week high of $15.07.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The firm had revenue of $122.29 million for the quarter, compared to analysts’ expectations of $62.17 million. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, analysts predict that CrossFirst Bankshares will post 1.44 EPS for the current year.

Institutional Investors Weigh In On CrossFirst Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFB. Lazard Asset Management LLC bought a new stake in CrossFirst Bankshares during the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC raised its stake in CrossFirst Bankshares by 698.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock worth $105,000 after acquiring an additional 6,792 shares during the period. Hsbc Holdings PLC bought a new stake in CrossFirst Bankshares during the 3rd quarter worth approximately $106,000. Sei Investments Co. bought a new stake in CrossFirst Bankshares during the 1st quarter worth approximately $107,000. Finally, Cubist Systematic Strategies LLC bought a new stake in CrossFirst Bankshares during the 1st quarter worth approximately $121,000. Institutional investors own 56.29% of the company’s stock.

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.