Principal Financial Group Inc. Buys New Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Principal Financial Group Inc. bought a new stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,861 shares of the company’s stock, valued at approximately $482,000. Principal Financial Group Inc. owned approximately 0.06% of CrossFirst Bankshares as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC increased its position in CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock worth $49,000 after buying an additional 2,294 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of CrossFirst Bankshares during the 1st quarter worth approximately $173,000. FAS Wealth Partners Inc. bought a new stake in CrossFirst Bankshares in the 2nd quarter valued at $177,000. Price T Rowe Associates Inc. MD raised its stake in CrossFirst Bankshares by 18.2% in 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. Finally, Comerica Bank acquired a new stake in CrossFirst Bankshares during the 1st quarter valued at $181,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director George Bruce bought 100 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $1,000.00 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

CrossFirst Bankshares Stock Up 2.6 %

Shares of NASDAQ CFB opened at $17.96 on Monday. The company’s 50 day moving average price is $16.59 and its 200-day moving average price is $15.76. 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 has a market capitalization of $885.61 million, a P/E ratio of 12.22 and a beta of 1.04.

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.