Equities analysts expect CrossFirst Bankshares, Inc. (NASDAQ:CFB – Get Rating) to post earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for CrossFirst Bankshares’ earnings. The highest EPS estimate is $0.35 and the lowest is $0.30. CrossFirst Bankshares posted earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that CrossFirst Bankshares will report full year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.40. For the next year, analysts expect that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.50. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover CrossFirst Bankshares.
CrossFirst Bankshares (NASDAQ:CFB – Get Rating) last issued its earnings results on Monday, April 18th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $48.06 million during the quarter, compared to analysts’ expectations of $47.12 million. CrossFirst Bankshares had a net margin of 35.81% and a return on equity of 11.37%. During the same period in the previous year, the company earned $0.23 earnings per share.
Several brokerages recently issued reports on CFB. Raymond James boosted their target price on shares of CrossFirst Bankshares from $18.00 to $19.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 25th. Zacks Investment Research downgraded shares of CrossFirst Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Finally, Stephens decreased their price target on shares of CrossFirst Bankshares from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 20th.
Hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in shares of CrossFirst Bankshares in the 1st quarter valued at approximately $36,000. Citigroup Inc. raised its position in CrossFirst Bankshares by 107.7% during the 3rd quarter. Citigroup Inc. now owns 6,440 shares of the company’s stock worth $84,000 after buying an additional 3,339 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CrossFirst Bankshares by 74.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,685 shares of the company’s stock worth $89,000 after buying an additional 2,434 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of CrossFirst Bankshares during the 4th quarter worth approximately $151,000. Finally, Metropolitan Life Insurance Co NY grew its stake in shares of CrossFirst Bankshares by 9.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 11,654 shares of the company’s stock worth $152,000 after purchasing an additional 968 shares during the period. 49.83% of the stock is owned by institutional investors and hedge funds.
Shares of CFB stock opened at $12.79 on Thursday. The company has a 50 day moving average price of $14.60 and a 200-day moving average price of $15.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $635.02 million, a PE ratio of 8.88 and a beta of 1.30. CrossFirst Bankshares has a 52 week low of $11.81 and a 52 week high of $16.50.
About CrossFirst Bankshares (Get Rating)
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 real estate, construction and development, 1-4 family real estate, commercial, energy, and consumer loans.
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