The Manufacturers Life Insurance Company Lowers Stock Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

The Manufacturers Life Insurance Company reduced its stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,892 shares of the company’s stock after selling 1,795 shares during the period. The Manufacturers Life Insurance Company’s holdings in CrossFirst Bankshares were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CFB. Quest Partners LLC grew its holdings in CrossFirst Bankshares by 3,091.7% during the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after acquiring an additional 7,853 shares in the last quarter. FAS Wealth Partners Inc. acquired a new position in CrossFirst Bankshares during the second quarter worth $177,000. SG Americas Securities LLC acquired a new stake in CrossFirst Bankshares during the 3rd quarter worth $256,000. Wolverine Asset Management LLC purchased a new position in CrossFirst Bankshares during the third quarter worth approximately $306,000. Finally, Sei Investments Co. lifted its holdings in CrossFirst Bankshares by 64.5% in the second quarter. Sei Investments Co. now owns 28,124 shares of the company’s stock valued at $394,000 after acquiring an additional 11,032 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.

Insider Activity at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce acquired 100 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 100 shares in the company, valued at $100,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, September 10th. 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.

CrossFirst Bankshares Trading Up 0.5 %

Shares of CFB stock opened at $17.00 on Tuesday. CrossFirst Bankshares, Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.22. The firm’s 50 day moving average price is $16.81 and its two-hundred day moving average price is $16.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market cap of $838.36 million, a price-to-earnings ratio of 11.56 and a beta of 1.06.

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.