Geode Capital Management LLC Has $18.02 Million Stock Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Geode Capital Management LLC lifted its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,079,471 shares of the company’s stock after acquiring an additional 41,590 shares during the quarter. Geode Capital Management LLC owned approximately 2.19% of CrossFirst Bankshares worth $18,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFB. National Bank of Canada FI bought a new position in CrossFirst Bankshares during the 3rd quarter worth approximately $25,000. Point72 DIFC Ltd acquired a new stake in shares of CrossFirst Bankshares during the third quarter worth $93,000. Quest Partners LLC increased its position in shares of CrossFirst Bankshares by 3,091.7% during the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after buying an additional 7,853 shares during the period. Centiva Capital LP bought a new position in CrossFirst Bankshares during the third quarter worth $176,000. Finally, EP Wealth Advisors LLC acquired a new position in CrossFirst Bankshares in the third quarter valued at $211,000. 56.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, September 10th.

CrossFirst Bankshares Price Performance

CFB stock opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day moving average is $16.72 and its 200-day moving average is $16.39. The stock has a market capitalization of $755.01 million, a PE ratio of 10.41 and a beta of 1.06. CrossFirst Bankshares, Inc. has a 1 year low of $10.64 and a 1 year high of $19.22.

Insiders Place Their Bets

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was bought at an average cost of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $100,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.30% of the company’s stock.

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.