Principal Financial Group Inc. Invests $482,000 in CrossFirst Bankshares, Inc. (NASDAQ:CFB)

Principal Financial Group Inc. acquired a new stake in shares of CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the third quarter, HoldingsChannel reports. The fund acquired 28,861 shares of the company’s stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFB. Dimensional Fund Advisors LP boosted its holdings in shares of CrossFirst Bankshares by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,870,785 shares of the company’s stock worth $26,228,000 after buying an additional 175,646 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of CrossFirst Bankshares by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 737,700 shares of the company’s stock worth $10,343,000 after acquiring an additional 119,844 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of CrossFirst Bankshares during the 2nd quarter worth $990,000. AQR Capital Management LLC grew its position in shares of CrossFirst Bankshares by 38.9% during the 2nd quarter. AQR Capital Management LLC now owns 166,833 shares of the company’s stock valued at $2,339,000 after acquiring an additional 46,711 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of CrossFirst Bankshares by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,268,832 shares of the company’s stock worth $31,401,000 after purchasing an additional 22,073 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CFB shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $20.00 price objective on shares of CrossFirst Bankshares in a research note on Wednesday, August 28th. Janney Montgomery Scott raised shares of CrossFirst Bankshares from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, September 10th.

Insider Activity at CrossFirst Bankshares

In other CrossFirst Bankshares news, Director George Bruce purchased 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, for a total transaction of $100,000.00. Following the acquisition, the director now owns 100 shares in the company, valued at $100,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

CrossFirst Bankshares Trading Up 2.6 %

Shares of CFB opened at $17.96 on Monday. 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 firm has a market capitalization of $885.61 million, a price-to-earnings ratio of 12.22 and a beta of 1.04. The company has a 50-day moving average of $16.59 and a 200 day moving average of $15.76. CrossFirst Bankshares, Inc. has a 1-year low of $10.64 and a 1-year high of $19.22.

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.