New York Life Investment Management LLC Has $925,000 Stock Holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

New York Life Investment Management LLC grew its holdings in CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,055 shares of the company’s stock after buying an additional 14,296 shares during the quarter. New York Life Investment Management LLC’s holdings in CrossFirst Bankshares were worth $925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFB. National Bank of Canada FI acquired a new stake in shares of CrossFirst Bankshares in the third quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in CrossFirst Bankshares in the fourth quarter worth about $45,000. R Squared Ltd acquired a new stake in CrossFirst Bankshares in the fourth quarter worth about $58,000. Point72 DIFC Ltd acquired a new stake in CrossFirst Bankshares in the third quarter worth about $93,000. Finally, Quest Partners LLC increased its position in CrossFirst Bankshares by 3,091.7% in the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after purchasing an additional 7,853 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

CrossFirst Bankshares Price Performance

Shares of CFB stock opened at $16.00 on Tuesday. The stock has a 50-day moving average price of $15.65 and a 200 day moving average price of $16.43. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a market cap of $788.79 million, a price-to-earnings ratio of 10.25 and a beta of 1.07. CrossFirst Bankshares, Inc. has a 12 month low of $10.64 and a 12 month high of $19.22.

CrossFirst Bankshares (NASDAQ:CFB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.45 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%. Research analysts expect 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.