CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 32.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,706 shares of the company’s stock after selling 69,759 shares during the period. State of New Jersey Common Pension Fund D owned about 0.30% of CrossFirst Bankshares worth $2,043,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. ClariVest Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares during the 1st quarter valued at about $1,129,000. SageView Advisory Group LLC acquired a new stake in CrossFirst Bankshares during the 4th quarter valued at $2,074,000. FAS Wealth Partners Inc. purchased a new stake in CrossFirst Bankshares during the 2nd quarter worth $177,000. Dimensional Fund Advisors LP lifted its holdings in CrossFirst Bankshares by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock worth $19,812,000 after buying an additional 187,077 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in CrossFirst Bankshares by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after buying an additional 1,082 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CFB shares. Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, September 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Finally, Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.50.

CrossFirst Bankshares Stock Down 1.4 %

CrossFirst Bankshares stock opened at $17.40 on Friday. The firm has a market capitalization of $857.70 million, a P/E ratio of 12.67 and a beta of 1.03. The company has a 50-day simple moving average of $17.30 and a 200-day simple moving average of $14.56. CrossFirst Bankshares, Inc. has a one year low of $9.71 and a one year high of $19.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings data on Monday, July 15th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. The business had revenue of $63.59 million during the quarter, compared to the consensus estimate of $63.66 million. As a group, equities analysts expect that CrossFirst Bankshares, Inc. will post 1.52 earnings per share 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.