Cullen/Frost Bankers (NYSE:CFR) Lowered to Hold Rating by Zacks Research

Cullen/Frost Bankers (NYSE:CFR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

CFR has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. TD Cowen lifted their target price on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their price target on Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Stephens lifted their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Cantor Fitzgerald upped their price objective on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $161.75.

Cullen/Frost Bankers Stock Up 0.1%

Cullen/Frost Bankers stock opened at $162.89 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. Cullen/Frost Bankers has a one year low of $119.00 and a one year high of $170.80. The company has a 50-day simple moving average of $162.31 and a 200-day simple moving average of $147.91. The firm has a market capitalization of $10.12 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.49 and a beta of 0.52.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.15. The firm had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period last year, the firm posted $2.39 EPS. As a group, equities analysts expect that Cullen/Frost Bankers will post 10.91 earnings per share for the current year.

Insider Activity

In other Cullen/Frost Bankers news, EVP Carol Severyn sold 837 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers during the third quarter valued at $28,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Cullen/Frost Bankers in the 2nd quarter worth about $37,000. Global Retirement Partners LLC acquired a new position in Cullen/Frost Bankers in the 2nd quarter worth about $38,000. Covestor Ltd raised its stake in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.