T. Rowe Price Investment Manageme recently announced the acquisition of new stake in CrossFirst Bankshares Inc. (NASDAQ:CFB). This fresh investment now brings its stake to 9.59% valued currently at $57.84 million. In addition, Geode Capital Management LLC raised its holdings by 5378.0 to 0.83 million shares. And Dimensional Fund Advisors LP has lifted its position by 18.63% or 0.13 million shares – to 0.81 million shares.
With over 0.14 million CrossFirst Bankshares Inc. (CFB) shares trading Tuesday and a closing price of $12.96 on the day, the dollar volume was approximately $1.81 million. The shares have shown a negative half year performance of -5.05% and its price on 01/24/23 gained nearly 6.58%. Currently, there are 49.27M common shares owned by the public and among those 41.54M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for CFB have a consensus price objective of $15.25. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $14.00. The average price target is 15.02% above its recent price level and an upside to the estimated low will see the stock gain 7.43% over that period. But an upside of 28.0% will see the stock hit the forecast high price target while median target price for the stock is $14.50.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 37 of these insider trades were purchases, accounting for 124,776 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 23,347 shares.
The top 3 mutual fund holders in CrossFirst Bankshares Inc. are Federated Hermes Kaufmann Small C, T Rowe Price Small Cap Stock Fund, and Vanguard Total Stock Market Index. Federated Hermes Kaufmann Small C owns 1.89 million shares of the company’s stock, all valued at over $23.44 million. T Rowe Price Small Cap Stock Fund sold 3400.0 shares to see its total holdings shrink to 1.25 million shares valued at over $15.46 million and representing 2.56% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.38% of the shares outstanding.
Shares of CrossFirst Bankshares Inc. (NASDAQ: CFB) opened at $12.40, up $0.24 from a prior closing price of $12.16. However, the script later moved the day high at 13.02, up 6.58%. The company’s stock has a 5-day price change of 5.80% and -4.64% over the past three months. CFB shares are trading 4.43% year to date (YTD), with the 12-month market performance down to -13.83% lower. It has a 12-month low price of $11.79 and touched a high of $16.50 over the same period. CFB has an average intraday trading volume of 91.03K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.34%, 0.41%, and -2.74% respectively.
Institutional ownership of CrossFirst Bankshares Inc. (NASDAQ: CFB) shares accounts for 53.90% of the company’s 49.27M shares outstanding. Mutual fund holders own 28.05%, while other institutional holders and individual stakeholders account for 8.98% and 25.44% respectively.
It has a market capitalization of $626.36M and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 9.34, while the earnings-per-share (ttm) stands at $1.39. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.22% over the week and 2.54% over the month.
Analysts forecast that CrossFirst Bankshares Inc. (CFB) will achieve an EPS of $0.32 for the current quarter, $0.35 for the next quarter and $1.47 for 2023. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.38. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 456.30%, and 8.08% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate CrossFirst Bankshares Inc. (CFB) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Raymond James coverage for the CrossFirst Bankshares Inc. (CFB) stock in a research note released on October 06, 2022 offered a Outperform rating with a price target of $16. Raymond James was of a view on December 16, 2021 that the stock is Strong Buy, while Raymond James gave the stock Outperform rating on December 07, 2020, issuing a price target of $13. SunTrust on their part issued Hold rating on July 20, 2020.