Wall Street analysts expect CrossFirst Bankshares (NYSE:CFB) to post $0.17 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CrossFirst Bankshares’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.21. The business is expected to issue its next earnings report on Thursday, July 23rd.
According to Zacks, analysts expect that CrossFirst Bankshares will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.70. For the next fiscal year, analysts expect that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.45 to $0.85. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for CrossFirst Bankshares.
CrossFirst Bankshares (NYSE:CFB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.10). The business had revenue of $40.32 million for the quarter, compared to analyst estimates of $40.13 million.
Separately, Zacks Investment Research lowered shares of CrossFirst Bankshares from a “buy” rating to a “hold” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of CFB stock traded down $0.06 during trading on Thursday, reaching $9.76. 12,542 shares of the company’s stock traded hands, compared to its average volume of 240,855. The firm’s 50-day moving average is $9.38 and its 200 day moving average is $11.07. CrossFirst Bankshares has a 1 year low of $5.66 and a 1 year high of $15.50.
In related news, Director Mason King purchased 12,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $9.04 per share, for a total transaction of $108,480.00. Following the completion of the transaction, the director now directly owns 79,735 shares in the company, valued at approximately $720,804.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CFB. Bank of America Corp DE increased its holdings in shares of CrossFirst Bankshares by 64.4% in the fourth quarter. Bank of America Corp DE now owns 3,619 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares during the period. UBS Group AG grew its position in CrossFirst Bankshares by 51.5% during the fourth quarter. UBS Group AG now owns 9,870 shares of the company’s stock worth $142,000 after buying an additional 3,357 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in CrossFirst Bankshares by 645.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 4,100 shares of the company’s stock worth $34,000 after acquiring an additional 3,550 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of CrossFirst Bankshares by 4.9% in the 1st quarter. Royal Bank of Canada now owns 102,740 shares of the company’s stock valued at $863,000 after acquiring an additional 4,755 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of CrossFirst Bankshares by 554.6% during the 1st quarter. Legal & General Group Plc now owns 5,787 shares of the company’s stock valued at $48,000 after acquiring an additional 4,903 shares during the last quarter.
About CrossFirst Bankshares
CrossFirst Bankshares, Inc operates as the bank holding company for CrossFirst Bank that provides a range of banking and financial services to businesses, business owners, and professionals and its personal networks. The company offers commercial real estate, construction and development, and one-to-four family real estate loans; commercial loans across various industries, including the energy industry; and a variety of loans to individuals for personal and household purposes, such as secured and unsecured term loans, and home improvement loans.
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