Allspring Global Investments Holdings LLC Has $197,000 Stock Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Allspring Global Investments Holdings LLC reduced its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,821 shares of the company’s stock after selling 876 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CrossFirst Bankshares were worth $197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC grew its holdings in CrossFirst Bankshares by 182.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after buying an additional 2,294 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in CrossFirst Bankshares during the first quarter worth approximately $138,000. Russell Investments Group Ltd. acquired a new position in CrossFirst Bankshares in the 1st quarter valued at $173,000. FAS Wealth Partners Inc. acquired a new position in CrossFirst Bankshares in the 2nd quarter valued at $177,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of CrossFirst Bankshares by 18.2% during the 1st 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 during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFB has been the subject of a number of recent analyst reports. 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 report on Tuesday, September 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Finally, Stephens reissued an “overweight” rating and set a $17.00 price target on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CrossFirst Bankshares has a consensus rating of “Buy” and a consensus target price of $18.50.

CrossFirst Bankshares Stock Performance

CFB opened at $15.70 on Monday. CrossFirst Bankshares, Inc. has a twelve month low of $10.64 and a twelve month high of $19.22. The company has a fifty day moving average of $16.63 and a 200-day moving average of $15.25. The stock has a market cap of $773.85 million, a PE ratio of 10.68 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at CrossFirst Bankshares

In related news, Director George Bruce purchased 100 shares of CrossFirst Bankshares stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 100 shares of the company’s stock, valued at $100,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.30% of the company’s stock.

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.