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

Los Angeles Capital Management LLC trimmed its holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,710 shares of the company’s stock after selling 5,700 shares during the period. Los Angeles Capital Management LLC owned 0.05% of CrossFirst Bankshares worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in CrossFirst Bankshares during the 3rd quarter valued at $482,000. Philip James Wealth Mangement LLC purchased a new stake in shares of CrossFirst Bankshares in the third quarter valued at $659,000. Wolverine Asset Management LLC acquired a new stake in shares of CrossFirst Bankshares during the third quarter valued at $306,000. Quest Partners LLC increased its position in CrossFirst Bankshares by 3,091.7% during the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after purchasing an additional 7,853 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in CrossFirst Bankshares by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,505 shares of the company’s stock valued at $5,933,000 after purchasing an additional 7,823 shares during the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Price Performance

NASDAQ:CFB opened at $16.00 on Tuesday. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22. The firm has a market cap of $788.79 million, a price-to-earnings ratio of 10.25 and a beta of 1.07. The company’s 50-day moving average is $15.65 and its two-hundred day moving average is $16.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. CrossFirst Bankshares had a net margin of 15.18% and a return on equity of 11.06%. Research analysts expect that CrossFirst Bankshares, Inc. will post 1.7 EPS for the current year.

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.