Banc Funds Co. LLC Sells 325,992 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Banc Funds Co. LLC trimmed its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 33.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 638,098 shares of the company’s stock after selling 325,992 shares during the period. Banc Funds Co. LLC’s holdings in CrossFirst Bankshares were worth $9,667,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Franklin Resources Inc. grew its stake in shares of CrossFirst Bankshares by 211.8% in the 3rd quarter. Franklin Resources Inc. now owns 52,789 shares of the company’s stock worth $845,000 after acquiring an additional 35,858 shares in the last quarter. Barclays PLC boosted its stake in shares of CrossFirst Bankshares by 73.6% in the 3rd quarter. Barclays PLC now owns 116,557 shares of the company’s stock worth $1,947,000 after buying an additional 49,406 shares during the last quarter. State Street Corp increased its position in shares of CrossFirst Bankshares by 10.2% during the third quarter. State Street Corp now owns 1,366,649 shares of the company’s stock valued at $22,809,000 after acquiring an additional 126,096 shares during the last quarter. Jane Street Group LLC increased its position in shares of CrossFirst Bankshares by 55.8% during the third quarter. Jane Street Group LLC now owns 102,126 shares of the company’s stock valued at $1,704,000 after acquiring an additional 36,562 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in CrossFirst Bankshares by 325.5% in the fourth quarter. Wolverine Asset Management LLC now owns 78,003 shares of the company’s stock worth $1,182,000 after purchasing an additional 59,671 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Stock Performance

Shares of CrossFirst Bankshares stock opened at $15.99 on Thursday. The stock has a fifty day moving average price of $16.08 and a 200-day moving average price of $16.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $788.55 million, a PE ratio of 10.25 and a beta of 1.07. CrossFirst Bankshares, Inc. has a 1 year low of $11.77 and a 1 year high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. Equities research analysts anticipate that CrossFirst Bankshares, Inc. will post 1.7 EPS for the current year.

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.