State of New Jersey Common Pension Fund D Lowers Stock Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

State of New Jersey Common Pension Fund D cut its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 25.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,215 shares of the company’s stock after selling 37,491 shares during the period. State of New Jersey Common Pension Fund D owned about 0.22% of CrossFirst Bankshares worth $1,806,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CFB. EntryPoint Capital LLC boosted its holdings in 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 purchasing an additional 2,294 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of CrossFirst Bankshares during the first quarter worth about $173,000. FAS Wealth Partners Inc. purchased a new stake in shares of CrossFirst Bankshares during the second quarter worth approximately $177,000. Price T Rowe Associates Inc. MD raised its holdings in CrossFirst Bankshares by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,920 shares of the company’s stock valued at $179,000 after acquiring an additional 1,985 shares in the last quarter. Finally, Comerica Bank purchased a new position in CrossFirst Bankshares in the first quarter worth approximately $181,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Down 0.2 %

Shares of CrossFirst Bankshares stock opened at $17.09 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $15.64. The stock has a market cap of $842.79 million, a price-to-earnings ratio of 11.63 and a beta of 1.04. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CFB shares. Janney Montgomery Scott upgraded shares of 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 set a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $18.50.

Insider Activity at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 100 shares of the company’s stock, valued at $100,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 9.30% of the stock is owned by corporate insiders.

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.