Cornercap Investment Counsel Inc. Sells 42,627 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Cornercap Investment Counsel Inc. trimmed its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 47.4% in the third quarter, Holdings Channel.com reports. The firm owned 47,336 shares of the company’s stock after selling 42,627 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in CrossFirst Bankshares were worth $790,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CFB. EntryPoint Capital LLC boosted its holdings in shares of CrossFirst Bankshares by 182.8% in the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after buying an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in CrossFirst Bankshares in the 1st quarter valued at $138,000. Russell Investments Group Ltd. bought a new stake in CrossFirst Bankshares in the 1st quarter valued at $173,000. FAS Wealth Partners Inc. acquired a new position in CrossFirst Bankshares in the 2nd quarter worth $177,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in CrossFirst Bankshares by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after purchasing an additional 1,082 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

CrossFirst Bankshares Trading Down 0.8 %

Shares of NASDAQ:CFB opened at $17.13 on Friday. The company’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $15.56. CrossFirst Bankshares, Inc. has a one year low of $10.64 and a one year high of $19.22. 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 stock has a market capitalization of $844.51 million, a PE ratio of 11.65 and a beta of 1.04.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce acquired 100 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 100 shares in the company, valued at $100,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is owned by company insiders.

Analyst Ratings Changes

CFB has been the topic of a number of research reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Janney Montgomery Scott raised CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, CrossFirst Bankshares presently has an average rating of “Buy” and a consensus price target of $18.50.

CrossFirst Bankshares Company 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.