Philip James Wealth Mangement LLC Invests $659,000 in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Philip James Wealth Mangement LLC purchased a new stake in CrossFirst Bankshares, Inc. (NASDAQ:CFB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,500 shares of the company’s stock, valued at approximately $659,000. Philip James Wealth Mangement LLC owned 0.08% of CrossFirst Bankshares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CFB. ClariVest Asset Management LLC acquired a new stake in shares of CrossFirst Bankshares during the first quarter worth $1,129,000. FAS Wealth Partners Inc. acquired a new position in CrossFirst Bankshares in the second quarter valued at approximately $177,000. Creative Planning boosted its holdings in shares of CrossFirst Bankshares by 2.6% during the 2nd quarter. Creative Planning now owns 264,498 shares of the company’s stock worth $3,708,000 after buying an additional 6,749 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CrossFirst Bankshares by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,828 shares of the company’s stock worth $178,000 after buying an additional 1,082 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of CrossFirst Bankshares by 8.2% in the 1st quarter. Empowered Funds LLC now owns 161,607 shares of the company’s stock valued at $2,237,000 after acquiring an additional 12,217 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.

Insider Buying and Selling

In related news, Director George Bruce bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $1,000.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $100,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $20.00 price target on shares of CrossFirst Bankshares in a report on Wednesday, August 28th. Stephens restated an “overweight” rating and issued a $17.00 target price on shares of CrossFirst Bankshares in a research note on Tuesday, July 16th. Finally, Janney Montgomery Scott raised CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $18.50.

CrossFirst Bankshares Stock Up 0.9 %

Shares of CrossFirst Bankshares stock traded up $0.16 during trading hours on Friday, reaching $17.19. The company’s stock had a trading volume of 22,773 shares, compared to its average volume of 246,591. The company has a market capitalization of $847.47 million, a P/E ratio of 11.59 and a beta of 1.04. The stock’s fifty day simple moving average is $16.54 and its two-hundred day simple moving average is $15.36. CrossFirst Bankshares, Inc. has a one year low of $10.64 and a one year high of $19.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97.

CrossFirst Bankshares 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.