Last Updated: 19 Sep 2024
Executive Summary
CrossFirst Bankshares Inc. (CFB) is a regional bank holding company headquartered in Leawood, Kansas. The company provides various banking and financial services to businesses, business owners, professionals, and their personal networks. CrossFirst Bankshares has a market capitalization of approximately $854.67 million and trades on the NASDAQ exchange under the symbol "CFB." The latest stock price is $17.34.
Company Overview
CrossFirst Bankshares was founded in 2000 and has grown rapidly through a combination of organic growth and acquisitions. The company currently operates 15 banking centers in Kansas, Missouri, and Oklahoma. CrossFirst Bankshares offers a range of banking products and services, including commercial and consumer lending, deposit accounts, and wealth management.
Fundamental Analysis
CrossFirst Bankshares has a strong financial profile. The company has consistently reported positive earnings and revenue growth in recent years. For the fiscal year ended December 2023, CrossFirst Bankshares reported net income of $70.6 million, an increase of 13.1% from the previous year. Revenue for the year was $236.86 million, an increase of 6.1% from 2022.
The company's profitability metrics are also strong. CrossFirst Bankshares has a net profit margin of 30.1% and an operating margin of 42.9%. The company's return on assets (ROA) is 0.97% and its return on equity (ROE) is 10.3%.
Technical Analysis
The technical analysis of CrossFirst Bankshares' stock price shows that the stock is currently trading in a bullish trend. The stock has been making higher highs and higher lows since early 2023. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign.
The relative strength index (RSI) is a technical indicator that measures the strength of a stock's price momentum. The RSI for CrossFirst Bankshares is currently at 65, which is considered to be overbought territory. However, the RSI is still below 70, which is the threshold for extreme overbought conditions.
Short Term Outlook
The short-term outlook for CrossFirst Bankshares is positive. The stock is trading in a bullish trend and the technical indicators are supportive of further upside. The company's strong financial performance is also a positive sign for the stock.
Long Term Outlook
The long-term outlook for CrossFirst Bankshares is also positive. The company is well-positioned to benefit from the continued growth of the Kansas City metropolitan area. The company's strong financial profile and experienced management team should also help to drive long-term growth.
Analyst Recommendations
Analysts have a positive view of CrossFirst Bankshares. The consensus analyst rating for the stock is "Buy." The average analyst target price for the stock is $20.00, which represents a potential upside of 15.3% from the current price.
Conclusion
CrossFirst Bankshares is a well-positioned regional bank holding company with a strong financial profile. The company's stock is trading in a bullish trend and the technical indicators are supportive of further upside. The company's strong financial performance and experienced management team should also help to drive long-term growth. Analysts have a positive view of CrossFirst Bankshares and the consensus analyst rating for the stock is "Buy."
