Meritage Portfolio Management Has $254,000 Stock Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Meritage Portfolio Management lessened its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 33.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,734 shares of the company’s stock after selling 9,250 shares during the quarter. Meritage Portfolio Management’s holdings in CrossFirst Bankshares were worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of CrossFirst Bankshares by 1.5% in the third quarter. Vanguard Group Inc. now owns 2,178,409 shares of the company’s stock valued at $21,980,000 after buying an additional 31,452 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of CrossFirst Bankshares by 17.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock worth $2,330,000 after purchasing an additional 34,566 shares in the last quarter. Lavaca Capital LLC acquired a new position in shares of CrossFirst Bankshares during the 3rd quarter worth about $2,002,000. HighTower Advisors LLC lifted its holdings in CrossFirst Bankshares by 25.0% during the 3rd quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock valued at $1,766,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in CrossFirst Bankshares in the 3rd quarter valued at $1,618,000. 56.29% of the stock is owned by institutional investors.

CrossFirst Bankshares Stock Performance

Shares of CFB opened at $12.51 on Friday. CrossFirst Bankshares, Inc. has a 52-week low of $9.29 and a 52-week high of $15.07. The stock’s 50-day simple moving average is $12.94 and its 200 day simple moving average is $12.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $618.24 million, a price-to-earnings ratio of 9.07 and a beta of 0.99.

Analysts Set New Price Targets

Several analysts recently weighed in on CFB shares. Raymond James upgraded CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Friday, January 5th. Stephens reiterated an “overweight” rating and issued a $18.00 price objective on shares of CrossFirst Bankshares in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lowered their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Finally, Janney Montgomery Scott assumed coverage on shares of CrossFirst Bankshares in a research report on Wednesday, February 21st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.00.

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.