Franklin Resources Inc. Has $845,000 Position in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Franklin Resources Inc. boosted its holdings in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) by 211.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,789 shares of the company’s stock after buying an additional 35,858 shares during the quarter. Franklin Resources Inc.’s holdings in CrossFirst Bankshares were worth $845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFB. National Bank of Canada FI acquired a new position in CrossFirst Bankshares during the 3rd quarter worth $25,000. Point72 DIFC Ltd acquired a new stake in CrossFirst Bankshares in the 3rd quarter valued at approximately $93,000. Quest Partners LLC increased its position in 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. Centiva Capital LP acquired a new position in shares of CrossFirst Bankshares during the third quarter worth approximately $176,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of CrossFirst Bankshares during the third quarter worth approximately $211,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

CrossFirst Bankshares Trading Down 2.5 %

Shares of CrossFirst Bankshares stock opened at $15.31 on Monday. CrossFirst Bankshares, Inc. has a 52-week low of $10.64 and a 52-week high of $19.22. The firm has a market capitalization of $755.01 million, a PE ratio of 10.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $16.72 and its two-hundred day moving average price is $16.39.

Insider Activity at CrossFirst Bankshares

In related news, Director George Bruce purchased 100 shares of the stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 100 shares of the company’s stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, September 10th.

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.