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4 Analysts Have This To Say About CrossFirst Bankshares

Author: Benzinga Insights | January 24, 2024 08:00am

4 analysts have shared their evaluations of CrossFirst Bankshares (NASDAQ:CFB) during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 3 1 0 0
Last 30D 0 1 0 0 0
1M Ago 0 1 1 0 0
2M Ago 0 1 0 0 0
3M Ago 0 0 0 0 0

Analysts have recently evaluated CrossFirst Bankshares and provided 12-month price targets. The average target is $16.75, accompanied by a high estimate of $18.00 and a low estimate of $16.00. Witnessing a positive shift, the current average has risen by 8.06% from the previous average price target of $15.50.

price target chart

Diving into Analyst Ratings: An In-Depth Exploration

The standing of CrossFirst Bankshares among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Matt Olney Stephens & Co. Raises Overweight $18.00 $16.00
Matt Olney Stephens & Co. Maintains Equal-Weight $16.00 -
Michael Rose Raymond James Announces Outperform $16.00 -
Brady Gailey Keefe, Bruyette & Woods Raises Outperform $17.00 $15.00

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to CrossFirst Bankshares. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of CrossFirst Bankshares compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for CrossFirst Bankshares's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of CrossFirst Bankshares's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on CrossFirst Bankshares analyst ratings.

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Get to Know CrossFirst Bankshares Better

CrossFirst Bankshares Inc is engaged in providing banking and financial services to businesses, business owners, professionals, and professional networks. The services offered by the company include Checking accounts, Savings accounts, Personal Loans, International Banking, Business Loans, and Treasury services. The company generates revenue from interest income and fees on loans and interest earned from its marketable securities portfolio.

CrossFirst Bankshares: A Financial Overview

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Over the 3 months period, CrossFirst Bankshares showcased positive performance, achieving a revenue growth rate of 0.54% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 28.48%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): CrossFirst Bankshares's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.59% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): CrossFirst Bankshares's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.24%, the company showcases efficient use of assets and strong financial health.

Debt Management: CrossFirst Bankshares's debt-to-equity ratio is below the industry average at 0.12, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CFB

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