American Century Companies Inc. Purchases 119,844 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

American Century Companies Inc. boosted its position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 19.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 737,700 shares of the company’s stock after acquiring an additional 119,844 shares during the quarter. American Century Companies Inc.’s holdings in CrossFirst Bankshares were worth $10,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CFB. Dimensional Fund Advisors LP increased its position in CrossFirst Bankshares by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,843 shares of the company’s stock worth $19,812,000 after buying an additional 187,077 shares during the period. TD Asset Management Inc grew its stake in shares of CrossFirst Bankshares by 1.7% in the fourth quarter. TD Asset Management Inc now owns 82,564 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,400 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in CrossFirst Bankshares by 174.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 55,114 shares of the company’s stock worth $748,000 after acquiring an additional 35,022 shares during the period. SageView Advisory Group LLC acquired a new position in CrossFirst Bankshares during the 4th quarter valued at $2,074,000. Finally, Quadrature Capital Ltd bought a new stake in CrossFirst Bankshares in the 4th quarter valued at $140,000. Institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

CrossFirst Bankshares Price Performance

NASDAQ:CFB opened at $17.40 on Monday. 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 company has a 50-day moving average of $17.34 and a 200-day moving average of $14.61. CrossFirst Bankshares, Inc. has a 52 week low of $9.71 and a 52 week high of $19.22. The company has a market capitalization of $857.70 million, a price-to-earnings ratio of 12.61 and a beta of 1.03.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings results on Monday, July 15th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $63.59 million for the quarter, compared to analysts’ expectations of $63.66 million. CrossFirst Bankshares had a return on equity of 10.74% and a net margin of 14.43%. As a group, equities research analysts anticipate that CrossFirst Bankshares, Inc. will post 1.52 earnings per share for the current fiscal 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.