CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management cut its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 33.1% during the fourth quarter, Holdings Channel reports. The firm owned 18,734 shares of the company’s stock after selling 9,250 shares during the quarter. Meritage Portfolio Management’s holdings in CrossFirst Bankshares were worth $254,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CFB. Allspring Global Investments Holdings LLC boosted its holdings in CrossFirst Bankshares by 279.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,746 shares of the company’s stock valued at $160,000 after purchasing an additional 8,647 shares during the period. SG Americas Securities LLC acquired a new position in shares of CrossFirst Bankshares during the fourth quarter worth about $188,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CrossFirst Bankshares by 103.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,673 shares of the company’s stock worth $240,000 after buying an additional 8,972 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of CrossFirst Bankshares by 47.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 20,092 shares of the company’s stock worth $203,000 after buying an additional 6,439 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in CrossFirst Bankshares by 89.2% in the fourth quarter. New York State Common Retirement Fund now owns 20,189 shares of the company’s stock valued at $274,000 after acquiring an additional 9,519 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented 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 target for the company in a report on Friday, January 5th. Keefe, Bruyette & Woods lowered their target price 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. Stephens reissued an “overweight” rating and issued a $18.00 price objective on shares of CrossFirst Bankshares in a research note on Tuesday, April 16th. Finally, Janney Montgomery Scott started coverage on shares of CrossFirst Bankshares in a report on Wednesday, February 21st. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

CrossFirst Bankshares Price Performance

CrossFirst Bankshares stock opened at $12.51 on Friday. 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 market cap of $618.24 million, a price-to-earnings ratio of 9.07 and a beta of 0.99. CrossFirst Bankshares, Inc. has a 1 year low of $9.29 and a 1 year high of $15.07. The firm has a 50 day moving average price of $12.94 and a 200 day moving average price of $12.57.

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.