Cullen/Frost Bankers (NYSE:CFR) Upgraded to “Overweight” at Stephens

Cullen/Frost Bankers (NYSE:CFR) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $164.00 price target on the bank’s stock. Stephens’ price objective suggests a potential upside of 17.60% from the company’s current price.

Several other research firms have also commented on CFR. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Citigroup boosted their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Morgan Stanley reduced their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Finally, Barclays boosted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $144.58.

Cullen/Frost Bankers Trading Down 0.6%

Shares of CFR opened at $139.45 on Tuesday. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a 50-day moving average of $138.96 and a 200 day moving average of $133.66. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 3.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $587.29 million. During the same quarter last year, the business posted $2.30 EPS. On average, research analysts expect that Cullen/Frost Bankers will post 10.26 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $26,000. GoalVest Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $28,000. Covestor Ltd grew its position in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.