Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Rating of “Hold” from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $121.31.

Several analysts have recently issued reports on CFR shares. Evercore ISI lowered their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, October 2nd. Wedbush lowered their price target on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their price objective on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Maxim Group raised their target price on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup dropped their target price on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating on the stock in a report on Monday, September 30th.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $125.46 on Friday. The company’s fifty day moving average is $112.92 and its two-hundred day moving average is $108.07. The company has a market cap of $8.06 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. Cullen/Frost Bankers has a 12-month low of $82.25 and a 12-month high of $125.98. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. The company had revenue of $528.81 million during the quarter, compared to the consensus estimate of $506.83 million. During the same period last year, the business earned $2.47 EPS. Equities analysts expect that Cullen/Frost Bankers will post 8.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the sale, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the transaction, the executive vice president now directly owns 1,598 shares of the company’s stock, valued at approximately $190,481.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Candace K. Wolfshohl sold 5,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $119.65, for a total transaction of $598,250.00. Following the completion of the transaction, the executive vice president now directly owns 18,753 shares of the company’s stock, valued at $2,243,796.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors have recently bought and sold shares of CFR. Champlain Investment Partners LLC lifted its holdings in shares of Cullen/Frost Bankers by 18.4% during the first quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock valued at $359,378,000 after acquiring an additional 495,215 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Cullen/Frost Bankers in the second quarter valued at about $37,813,000. Strategic Financial Concepts LLC grew its stake in Cullen/Frost Bankers by 7,109.7% during the second quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank’s stock worth $255,000 after buying an additional 247,416 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Cullen/Frost Bankers by 18.8% during the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock worth $114,994,000 after buying an additional 161,580 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $13,574,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.