Centiva Capital LP Acquires $176,000 Stake in CrossFirst Bankshares, Inc.

Centiva Capital LP has made a notable investment in CrossFirst Bankshares, Inc. (NASDAQ:CFB) during the third quarter, according to reports. The firm acquired a total of 10,566 shares of the company’s stock, which is valued at approximately $176,000.

In addition to Centiva, several other institutional investors and hedge funds have recently adjusted their positions in CFB. Notably, Quest Partners LLC significantly boosted its stake in CrossFirst Bankshares by an impressive 3,091.7% in the third quarter, now holding 8,107 shares worth $135,000 after adding 7,853 shares in the previous quarter. Another firm, FAS Wealth Partners Inc., established a new position in CrossFirst Bankshares in the second quarter valued at around $177,000.

Moreover, Price T Rowe Associates Inc. MD increased its investment in CrossFirst Bankshares by 18.2% during the first quarter. This brings their total ownership to 12,920 shares, currently valued at $179,000, after they purchased an additional 1,985 shares. Comerica Bank also made a new investment in the first quarter valued at approximately $181,000, while Verition Fund Management LLC entered with a new stake worth about $229,000 in the third quarter. Collectively, institutional investors now hold 56.29% of the company’s shares.

Market Performance of CrossFirst Bankshares

On Friday, NASDAQ:CFB opened at $17.07. Over the past year, the stock has shown a low of $10.64 and a high of $19.22. The company has a low debt-to-equity ratio of 0.11, a quick ratio of 0.97, and a current ratio of 0.97. The market capitalization stands at $841.81 million, with a price-to-earnings (P/E) ratio of 11.61 and a beta of 1.06. The stock has a 50-day simple moving average of $16.77 and a 200-day simple moving average of $16.14.

Analyst Opinions on CrossFirst Bankshares

Several research firms have recently provided their evaluations on CFB. Janney Montgomery Scott upgraded CrossFirst Bankshares from a “neutral” rating to a “buy” rating, setting a price target of $21.00 in a research note dated September 10th. Meanwhile, Keefe, Bruyette & Woods maintained an “outperform” rating with a price target of $20.00 in their note dated August 28th.

Recent Insider Activity

In a recent insider transaction, Director George Bruce purchased 100 shares of the stock on October 30th at a price of $1,000.00 per share, amounting to a total investment of $100,000. This acquisition has resulted in a significant increase in his holdings, with the director now owning shares valued at approximately $100,000. This transaction has been disclosed in a filing with the Securities & Exchange Commission. It is worth noting that company insiders currently hold about 9.30% of the total shares.

Overview of CrossFirst Bankshares

(Free Report) CrossFirst Bankshares, Inc. operates as the bank holding company for CrossFirst Bank, offering a variety of banking and financial services tailored for businesses, business owners, professionals, and their personal networks. The services include commercial and industrial loans, commercial real estate loans, construction and development loans, as well as residential real estate, multifamily real estate, and consumer loans.

Investment, Bankshares, Shares