Financial Counselors Inc. Sells 10,656 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Financial Counselors Inc. reduced its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 18.5% in the 3rd quarter, Holdings Channel reports. The firm owned 46,838 shares of the company’s stock after selling 10,656 shares during the quarter. Financial Counselors Inc.’s holdings in CrossFirst Bankshares were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC grew its stake in shares of CrossFirst Bankshares by 3,091.7% in the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock valued at $135,000 after purchasing an additional 7,853 shares during the period. FAS Wealth Partners Inc. bought a new position in shares of CrossFirst Bankshares during the 2nd quarter worth approximately $177,000. Price T Rowe Associates Inc. MD boosted its stake in CrossFirst Bankshares by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,920 shares of the company’s stock valued at $179,000 after buying an additional 1,985 shares in the last quarter. Comerica Bank bought a new stake in CrossFirst Bankshares in the first quarter valued at $181,000. Finally, The Manufacturers Life Insurance Company raised its stake in CrossFirst Bankshares by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock worth $248,000 after acquiring an additional 1,157 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CFB. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 target price on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott upgraded shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th.

CrossFirst Bankshares Price Performance

Shares of CFB stock opened at $17.31 on Friday. CrossFirst Bankshares, Inc. has a 52 week low of $10.64 and a 52 week high of $19.22. The stock has a market capitalization of $853.56 million, a PE ratio of 11.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day moving average is $16.61 and its 200-day moving average is $15.88.

Insider Buying and Selling

In related news, Director George Bruce purchased 100 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 100 shares in the company, valued at approximately $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.30% of the stock is owned by corporate insiders.

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.