CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,410 shares of the company’s stock after selling 4,500 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of CrossFirst Bankshares worth $524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CFB. Dimensional Fund Advisors LP grew its stake in CrossFirst Bankshares by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock valued at $26,228,000 after acquiring an additional 175,646 shares in 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 last quarter. Acadian Asset Management LLC purchased a new position in CrossFirst Bankshares during the second quarter worth approximately $990,000. AQR Capital Management LLC boosted its stake in CrossFirst Bankshares by 38.9% during the second quarter. AQR Capital Management LLC now owns 166,833 shares of the company’s stock worth $2,339,000 after buying an additional 46,711 shares during the last quarter. Finally, Philip James Wealth Mangement LLC purchased a new stake in CrossFirst Bankshares in the 3rd quarter valued at $659,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.50.

CrossFirst Bankshares Trading Down 0.8 %

NASDAQ CFB opened at $17.13 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $844.51 million, a P/E ratio of 11.65 and a beta of 1.04. The firm’s 50-day moving average is $16.55 and its two-hundred day moving average is $15.58. CrossFirst Bankshares, Inc. has a 12 month low of $10.64 and a 12 month high of $19.22.

Insider Transactions at CrossFirst Bankshares

In other news, Director George Bruce acquired 100 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 100 shares of the company’s stock, valued at $100,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.30% of the company’s stock.

CrossFirst Bankshares 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.