CrossFirst Bankshares (NASDAQ:CFB) Price Target Cut to $17.00 by Analysts at Keefe, Bruyette & Woods

CrossFirst Bankshares (NASDAQ:CFB) had its price objective decreased by Keefe, Bruyette & Woods from $20.00 to $17.00 in a research report released on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Janney Montgomery Scott assumed coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a neutral rating for the company. Raymond James upgraded shares of CrossFirst Bankshares from a market perform rating to an outperform rating and set a $16.00 price target for the company in a research note on Friday, January 5th. Finally, Stephens reiterated an overweight rating and issued a $18.00 price target on shares of CrossFirst Bankshares in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, CrossFirst Bankshares currently has an average rating of Moderate Buy and a consensus target price of $17.00.

CrossFirst Bankshares Trading Down 0.7 %

NASDAQ CFB opened at $11.81 on Wednesday. The firm has a 50 day simple moving average of $13.09 and a 200-day simple moving average of $12.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. CrossFirst Bankshares has a one year low of $9.29 and a one year high of $15.07. The firm has a market cap of $583.65 million, a price-to-earnings ratio of 8.56 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFB) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The business had revenue of $122.29 million during the quarter, compared to analyst estimates of $62.17 million. During the same quarter last year, the firm posted $0.36 earnings per share. Equities research analysts anticipate that CrossFirst Bankshares will post 1.45 EPS for the current fiscal year.

Institutional Trading of CrossFirst Bankshares

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of CrossFirst Bankshares during the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its position in shares of CrossFirst Bankshares by 698.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,765 shares of the company’s stock worth $105,000 after buying an additional 6,792 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of CrossFirst Bankshares during the 3rd quarter worth approximately $106,000. Sei Investments Co. purchased a new stake in shares of CrossFirst Bankshares during the 1st quarter worth approximately $107,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CrossFirst Bankshares during the 1st quarter worth approximately $121,000. Hedge funds and other institutional investors own 56.29% 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.