Bank of Montreal Can increased its stake in shares of CrossFirst Bankshares (NYSE:CFB) by 1,666.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,168 shares of the company’s stock after buying an additional 3,932 shares during the quarter. Bank of Montreal Can’s holdings in CrossFirst Bankshares were worth $37,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. American International Group Inc. grew its stake in CrossFirst Bankshares by 4.5% in the 2nd quarter. American International Group Inc. now owns 29,314 shares of the company’s stock valued at $287,000 after purchasing an additional 1,262 shares during the period. King Luther Capital Management Corp grew its stake in shares of CrossFirst Bankshares by 1.1% during the 2nd quarter. King Luther Capital Management Corp now owns 1,057,976 shares of the company’s stock worth $10,347,000 after acquiring an additional 12,000 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of CrossFirst Bankshares by 11.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 92,707 shares of the company’s stock worth $906,000 after acquiring an additional 9,798 shares during the period. State of Wisconsin Investment Board grew its stake in shares of CrossFirst Bankshares by 14.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 172,100 shares of the company’s stock worth $1,683,000 after acquiring an additional 22,100 shares during the period. Finally, California Public Employees Retirement System bought a new position in shares of CrossFirst Bankshares during the 2nd quarter worth $1,037,000.
Shares of CrossFirst Bankshares stock opened at $9.15 on Friday. The business’s 50-day moving average price is $9.24 and its 200-day moving average price is $9.16. CrossFirst Bankshares has a 12 month low of $5.66 and a 12 month high of $14.50.
CFB has been the subject of several research reports. Zacks Investment Research upgraded CrossFirst Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Sandler dropped their price objective on CrossFirst Bankshares from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Raymond James reissued a “hold” rating on shares of CrossFirst Bankshares in a report on Wednesday, September 9th. Finally, SunTrust Banks initiated coverage on CrossFirst Bankshares in a report on Monday, July 20th. They issued a “hold” rating and a $10.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.00.
CrossFirst Bankshares Company Profile
CrossFirst Bankshares, Inc operates as the bank holding company for CrossFirst Bank that provides a range of banking and financial services to businesses, business owners, and professionals and its personal networks. The company offers commercial real estate, construction and development, and one-to-four family real estate loans; commercial loans across various industries, including the energy industry; and a variety of loans to individuals for personal and household purposes, such as secured and unsecured term loans, and home improvement loans.
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