CrossFirst Bankshares (CFB) Scheduled to Post Quarterly Earnings on Monday

Posted by Defense World Staff on Apr 10th, 2023

CrossFirst Bankshares (NASDAQ:CFB – Get Rating) will issue its quarterly earnings data after the market closes on Monday, April 17th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CrossFirst Bankshares (NASDAQ:CFB – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. CrossFirst Bankshares had a net margin of 23.17% and a return on equity of 11.16%. The firm had revenue of $86.72 million for the quarter, compared to analyst estimates of $55.30 million. On average, analysts expect CrossFirst Bankshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrossFirst Bankshares Price Performance

NASDAQ:CFB opened at $10.28 on Monday. The stock has a 50 day moving average of $12.70 and a two-hundred day moving average of $12.96. CrossFirst Bankshares has a 12 month low of $10.02 and a 12 month high of $16.21. The firm has a market cap of $499.61 million, a P/E ratio of 8.36 and a beta of 0.99. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42.

Institutional Investors Weigh In On CrossFirst Bankshares

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of CrossFirst Bankshares by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 73,300 shares of the company’s stock valued at $910,000 after purchasing an additional 900 shares during the period. Credit Suisse AG increased its position in shares of CrossFirst Bankshares by 3.5% during the third quarter. Credit Suisse AG now owns 34,474 shares of the company’s stock valued at $449,000 after acquiring an additional 1,152 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of CrossFirst Bankshares by 2.1% during the 3rd quarter. Two Sigma Investments LP now owns 78,996 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,627 shares during the period. First Trust Advisors LP raised its position in CrossFirst Bankshares by 8.2% in the first quarter. First Trust Advisors LP now owns 25,575 shares of the company’s stock valued at $403,000 after purchasing an additional 1,946 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of CrossFirst Bankshares during the first quarter worth $36,000. 51.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James lowered CrossFirst Bankshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 5th.

About CrossFirst Bankshares

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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.