Creative Planning Sells 24,109 Shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Creative Planning lessened its stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,389 shares of the company’s stock after selling 24,109 shares during the quarter. Creative Planning’s holdings in CrossFirst Bankshares were worth $4,012,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC lifted its position in shares of CrossFirst Bankshares by 182.8% during the 1st quarter. EntryPoint Capital LLC now owns 3,549 shares of the company’s stock worth $49,000 after buying an additional 2,294 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in CrossFirst Bankshares in the 1st quarter valued at about $138,000. Quadrature Capital Ltd bought a new stake in shares of CrossFirst Bankshares during the fourth quarter worth approximately $140,000. Russell Investments Group Ltd. bought a new stake in shares of CrossFirst Bankshares in the first quarter valued at approximately $173,000. Finally, FAS Wealth Partners Inc. acquired a new stake in shares of CrossFirst Bankshares in the 2nd quarter valued at $177,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CFB shares. Stephens reaffirmed an “overweight” rating and set a $17.00 target price on shares of CrossFirst Bankshares in a report on Tuesday, July 16th. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $18.50.

CrossFirst Bankshares Stock Performance

Shares of CFB stock opened at $15.57 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $16.79 and its 200-day moving average price is $15.12. The stock has a market cap of $767.49 million, a PE ratio of 11.28 and a beta of 1.03. CrossFirst Bankshares, Inc. has a 12 month low of $10.16 and a 12 month high of $19.22.

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.