Waterfront Wealth Inc. Lowers Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Waterfront Wealth Inc. trimmed its position in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 5.0% during the fourth quarter, HoldingsChannel reports. The fund owned 14,400 shares of the company’s stock after selling 750 shares during the quarter. Waterfront Wealth Inc.’s holdings in CrossFirst Bankshares were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CFB. National Bank of Canada FI purchased a new stake in CrossFirst Bankshares in the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $45,000. R Squared Ltd acquired a new stake in shares of CrossFirst Bankshares in the 4th quarter valued at approximately $58,000. Point72 DIFC Ltd purchased a new stake in shares of CrossFirst Bankshares in the third quarter valued at approximately $93,000. Finally, Quest Partners LLC grew its holdings in CrossFirst Bankshares by 3,091.7% during the third quarter. Quest Partners LLC now owns 8,107 shares of the company’s stock worth $135,000 after acquiring an additional 7,853 shares during the period. 56.29% of the stock is owned by hedge funds and other institutional investors.

CrossFirst Bankshares Trading Down 2.8 %

NASDAQ:CFB opened at $16.14 on Friday. CrossFirst Bankshares, Inc. has a 1 year low of $10.64 and a 1 year high of $19.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $16.44. The stock has a market capitalization of $795.86 million, a price-to-earnings ratio of 10.35 and a beta of 1.07.

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

CrossFirst Bankshares Company 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.