American Century Companies Inc. Has $10.34 Million Stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

American Century Companies Inc. boosted its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 737,700 shares of the company’s stock after purchasing an additional 119,844 shares during the period. American Century Companies Inc. owned 1.50% of CrossFirst Bankshares worth $10,343,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of CrossFirst Bankshares by 14.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock valued at $19,812,000 after buying an additional 187,077 shares in the last quarter. SageView Advisory Group LLC purchased a new position in CrossFirst Bankshares during the 4th quarter valued at about $2,074,000. ClariVest Asset Management LLC acquired a new position in shares of CrossFirst Bankshares in the 1st quarter valued at about $1,129,000. Acadian Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares in the second quarter worth approximately $990,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of CrossFirst Bankshares by 174.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 55,114 shares of the company’s stock worth $748,000 after purchasing an additional 35,022 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CrossFirst Bankshares Price Performance

NASDAQ CFB opened at $17.40 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $857.70 million, a PE ratio of 12.61 and a beta of 1.03. CrossFirst Bankshares, Inc. has a 12-month low of $9.71 and a 12-month high of $19.22. The company has a 50 day moving average price of $17.34 and a two-hundred day moving average price of $14.61.

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