Watershed Asset Management L.L.C. Buys Shares of 23,351 CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Watershed Asset Management L.L.C. purchased a new position in CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 23,351 shares of the company’s stock, valued at approximately $317,000. CrossFirst Bankshares makes up 0.4% of Watershed Asset Management L.L.C.’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in CrossFirst Bankshares by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,178,409 shares of the company’s stock worth $21,980,000 after purchasing an additional 31,452 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of CrossFirst Bankshares by 17.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 230,905 shares of the company’s stock valued at $2,330,000 after buying an additional 34,566 shares during the period. Lavaca Capital LLC purchased a new position in shares of CrossFirst Bankshares during the third quarter valued at $2,002,000. HighTower Advisors LLC raised its holdings in shares of CrossFirst Bankshares by 25.0% in the third quarter. HighTower Advisors LLC now owns 175,000 shares of the company’s stock valued at $1,766,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in CrossFirst Bankshares in the third quarter worth about $1,618,000. 56.29% of the stock is owned by institutional investors.

CrossFirst Bankshares Stock Up 1.0 %

Shares of NASDAQ CFB traded up $0.13 during trading hours on Tuesday, hitting $12.62. 90,007 shares of the stock were exchanged, compared to its average volume of 160,455. CrossFirst Bankshares, Inc. has a 12 month low of $9.29 and a 12 month high of $15.07. The firm has a fifty day moving average price of $13.00 and a 200-day moving average price of $12.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.12. The company has a market cap of $623.68 million, a PE ratio of 9.14 and a beta of 0.99.

CrossFirst Bankshares (NASDAQ:CFB) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. CrossFirst Bankshares had a net margin of 14.37% and a return on equity of 11.05%. The business had revenue of $122.29 million for the quarter, compared to analyst estimates of $62.17 million. During the same period in the previous year, the company earned $0.36 earnings per share. On average, sell-side analysts expect that CrossFirst Bankshares, Inc. will post 1.43 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CFB shares. Stephens reissued an “overweight” rating and set a $18.00 target price on shares of CrossFirst Bankshares in a research report on Tuesday, April 16th. Janney Montgomery Scott started coverage on shares of CrossFirst Bankshares in a research note on Wednesday, February 21st. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods dropped their target price on CrossFirst Bankshares from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Raymond James raised CrossFirst Bankshares from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Friday, January 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

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.