Janney Montgomery Scott initiated coverage of CrossFirst Bancshares with a Neutral rating and $15 fair value estimate. Shares of the Kansas-based commercial lender trade at a discount to its peer group median of banks with $6B-$10B in assets, but taking into account CrossFirst’s “solid fundamentals” and “attractive market demographics,” the firm believes the shares should trade more in-line with the peer group, the analyst tells investors.
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