Stifel Financial Corp Cuts Stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Stifel Financial Corp cut its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 40.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 10,000 shares during the period. Stifel Financial Corp’s holdings in CrossFirst Bankshares were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in CrossFirst Bankshares by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock worth $26,228,000 after acquiring an additional 175,646 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of CrossFirst Bankshares by 19.4% in the second quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock valued at $10,343,000 after purchasing an additional 119,844 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of CrossFirst Bankshares by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 480,250 shares of the company’s stock worth $8,015,000 after purchasing an additional 22,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CrossFirst Bankshares by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,505 shares of the company’s stock valued at $5,933,000 after acquiring an additional 7,823 shares during the period. Finally, Creative Planning boosted its holdings in shares of CrossFirst Bankshares by 2.6% in the 2nd 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. Hedge funds and other institutional investors own 56.29% of the company’s stock.

CrossFirst Bankshares Price Performance

CFB stock opened at $15.31 on Monday. The business’s fifty day moving average price is $16.72 and its 200 day moving average price is $16.39. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22. The company has a market capitalization of $755.01 million, a PE ratio of 10.41 and a beta of 1.06. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other CrossFirst Bankshares news, Director George Bruce bought 100 shares of the stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $100,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.30% of the stock is owned by 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.