CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,710 shares of the company’s stock after selling 5,700 shares during the period. Los Angeles Capital Management LLC’s holdings in CrossFirst Bankshares were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in CrossFirst Bankshares during the third quarter worth approximately $482,000. Philip James Wealth Mangement LLC acquired a new stake in shares of CrossFirst Bankshares during the 3rd quarter worth $659,000. Wolverine Asset Management LLC acquired a new stake in shares of CrossFirst Bankshares during the 3rd quarter worth $306,000. Quest Partners LLC raised its position in shares of CrossFirst Bankshares by 3,091.7% in the 3rd quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after buying an additional 7,853 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CrossFirst Bankshares by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,505 shares of the company’s stock valued at $5,933,000 after acquiring an additional 7,823 shares during the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

CrossFirst Bankshares Price Performance

CFB stock opened at $16.00 on Tuesday. The company has a market cap of $788.79 million, a PE ratio of 10.25 and a beta of 1.07. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $16.43. CrossFirst Bankshares, Inc. has a 12-month low of $10.64 and a 12-month high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last issued its earnings results on Tuesday, January 28th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. CrossFirst Bankshares had a return on equity of 11.06% and a net margin of 15.18%. As a group, research analysts predict that CrossFirst Bankshares, Inc. will post 1.7 EPS for the current 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.