Shares of CrossFirst Bankshares, Inc. (CFB) surged by 5.31% on October 23, 2024, driven by the company's impressive financial performance and a favorable analyst rating.
CrossFirst Bankshares reported better-than-expected earnings for the quarter ended January 1, 2024. The company's adjusted earnings per share (EPS) came in at $0.39, surpassing Wall Street's expectations of $0.39 and marking an increase from the same quarter last year. Additionally, the company's net income rose to $19.65 million, reflecting its strong financial position.
Adding to the positive sentiment, Janney Montgomery maintained a "Buy" rating on CrossFirst Bankshares, further boosting investor confidence in the company's prospects. Analysts remain optimistic about the bank's future growth and profitability, with the current average rating standing at "Buy."
With solid financial results, positive analyst recommendations, and a promising outlook, CrossFirst Bankshares continues to attract investor interest, fueling the stock's impressive rally on October 23, 2024.
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