UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,751 shares of the company’s stock after purchasing an additional 16,431 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of CrossFirst Bankshares worth $1,748,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in CrossFirst Bankshares by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,687 shares of the company’s stock worth $248,000 after purchasing an additional 1,157 shares during the last quarter. Rhumbline Advisers lifted its position in CrossFirst Bankshares by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 74,214 shares of the company’s stock worth $1,040,000 after buying an additional 1,895 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in CrossFirst Bankshares by 2.5% in the second quarter. ClariVest Asset Management LLC now owns 83,670 shares of the company’s stock worth $1,173,000 after buying an additional 2,073 shares in the last quarter. Kavar Capital Partners Group LLC boosted its stake in CrossFirst Bankshares by 2.8% in the third quarter. Kavar Capital Partners Group LLC now owns 126,750 shares of the company’s stock worth $2,115,000 after buying an additional 3,510 shares in the last quarter. Finally, Creative Planning grew its position in CrossFirst Bankshares by 2.6% during the second quarter. Creative Planning now owns 264,498 shares of the company’s stock valued at $3,708,000 after acquiring an additional 6,749 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors.

CrossFirst Bankshares Stock Up 0.5 %

Shares of CrossFirst Bankshares stock opened at $17.00 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. CrossFirst Bankshares, Inc. has a 52-week low of $10.64 and a 52-week high of $19.22. The company’s 50 day moving average price is $16.81 and its 200-day moving average price is $16.24. The stock has a market capitalization of $838.36 million, a price-to-earnings ratio of 11.56 and a beta of 1.06.

Insider Buying and Selling at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce purchased 100 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly owns 100 shares of the company’s stock, valued at approximately $100,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CFB. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott upgraded 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.

CrossFirst Bankshares 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.