CrossFirst Bankshares (NYSE:CFB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

CrossFirst Bankshares (NYSE:CFB) announced its quarterly earnings results on Monday. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02, Fidelity Earnings reports. The company had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $37.00 million.

CrossFirst Bankshares stock traded up $0.56 during midday trading on Tuesday, hitting $13.14. 1,395 shares of the company’s stock were exchanged, compared to its average volume of 130,499. CrossFirst Bankshares has a 52-week low of $11.11 and a 52-week high of $15.50. The stock’s 50-day moving average price is $13.73.

Several brokerages have recently weighed in on CFB. Stephens began coverage on CrossFirst Bankshares in a research report on Tuesday, September 10th. They issued an “equal weight” rating and a $16.00 price target for the company. Raymond James began coverage on CrossFirst Bankshares in a research report on Monday, September 9th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods began coverage on CrossFirst Bankshares in a research report on Monday, September 9th. They set an “outperform” rating and a $18.00 target price for the company.

CrossFirst Bankshares Company Profile

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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