CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 32.4% during the second quarter, HoldingsChannel.com reports. The fund owned 145,706 shares of the company’s stock after selling 69,759 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CrossFirst Bankshares were worth $2,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EntryPoint Capital LLC raised its holdings in shares of CrossFirst Bankshares by 182.8% during the first quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock valued at $49,000 after acquiring an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in CrossFirst Bankshares during the 1st quarter valued at $138,000. Quadrature Capital Ltd purchased a new stake in shares of CrossFirst Bankshares in the fourth quarter valued at $140,000. Russell Investments Group Ltd. acquired a new stake in shares of CrossFirst Bankshares in the first quarter worth $173,000. Finally, FAS Wealth Partners Inc. purchased a new position in shares of CrossFirst Bankshares during the second quarter valued at $177,000. 56.29% of the stock is owned by institutional investors and hedge funds.

CrossFirst Bankshares Stock Down 1.4 %

CFB opened at $17.40 on Friday. The company has a market capitalization of $857.70 million, a PE ratio of 12.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96 and a quick ratio of 0.96. CrossFirst Bankshares, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $19.22. The business has a 50-day moving average of $17.30 and a 200-day moving average of $14.56.

CrossFirst Bankshares (NASDAQ:CFB) last issued its quarterly earnings data on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $63.59 million for the quarter, compared to analyst estimates of $63.66 million. CrossFirst Bankshares had a net margin of 14.43% and a return on equity of 10.74%. Equities research analysts forecast that CrossFirst Bankshares, Inc. will post 1.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CFB. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Stephens reissued an “overweight” rating and issued a $17.00 price target on shares of CrossFirst Bankshares in a research report on Tuesday, July 16th. Finally, Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $18.50.

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.