CrossFirst Bankshares, Inc. (NASDAQ:CFB) Stock Position Trimmed by Banc Funds Co. LLC

Banc Funds Co. LLC lowered its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 964,090 shares of the company’s stock after selling 408,690 shares during the quarter. CrossFirst Bankshares comprises approximately 1.7% of Banc Funds Co. LLC’s investment portfolio, making the stock its 17th biggest holding. Banc Funds Co. LLC owned 1.96% of CrossFirst Bankshares worth $16,091,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in CrossFirst Bankshares by 3,091.7% in the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after purchasing an additional 7,853 shares during the period. FAS Wealth Partners Inc. bought a new position in CrossFirst Bankshares during the 2nd quarter valued at $177,000. Price T Rowe Associates Inc. MD increased its position in shares of CrossFirst Bankshares by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,920 shares of the company’s stock valued at $179,000 after purchasing an additional 1,985 shares during the period. Comerica Bank bought a new stake in shares of CrossFirst Bankshares in the 1st quarter worth $181,000. Finally, Verition Fund Management LLC acquired a new stake in shares of CrossFirst Bankshares in the third quarter valued at $229,000. Institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Price Performance

NASDAQ CFB opened at $17.31 on Monday. CrossFirst Bankshares, Inc. has a 1 year low of $10.64 and a 1 year high of $19.22. The stock’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $15.90. The company has a market cap of $853.64 million, a PE ratio of 11.78 and a beta of 1.04. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $20.00 target price on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, September 10th.

Insider Activity

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the purchase, the director now directly owns 100 shares in the company, valued at $100,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.30% of the stock is owned by company 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.