Cullen/Frost Bankers (NYSE:CFR) Stock Price Target Lowered at Cantor Fitzgerald

Cullen/Frost Bankers (NYSE:CFR) had its target price lowered by stock analysts at Cantor Fitzgerald from $175.00 to $167.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price target points to a potential upside of 10.25% from the stock’s current price.

A number of other equities research analysts have also weighed in on CFR. Citigroup lifted their target price on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday. Barclays increased their price target on Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, October 5th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada decreased their price objective on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $169.36.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $151.47 on Wednesday. The firm has a market cap of $9.41 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.56. The firm’s 50 day simple moving average is $160.43 and its 200-day simple moving average is $151.66. Cullen/Frost Bankers has a one year low of $119.00 and a one year high of $170.80. 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 (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The firm had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. During the same quarter in the previous year, the business earned $2.39 earnings per share. As a group, equities analysts predict that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of large investors have recently bought and sold shares of CFR. BlackRock Inc. acquired a new position in shares of Cullen/Frost Bankers during the second quarter worth $1,133,453,000. State Street Corp lifted its holdings in shares of Cullen/Frost Bankers by 3.8% during the 2nd quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock valued at $497,292,000 after purchasing an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Cullen/Frost Bankers by 22.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock worth $429,204,000 after purchasing an additional 511,784 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cullen/Frost Bankers by 18.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after purchasing an additional 236,808 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Cullen/Frost Bankers by 11.8% in the 1st quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock worth $165,966,000 after purchasing an additional 127,483 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas, and the parent company of Frost Bank. Through Frost, the company provides banking, investment, and financial services to individuals, businesses, and institutions.

Frost Bank offers personal and business deposit accounts, consumer and commercial lending, treasury management, payment services, and other banking products. Its wealth management operations provide trust, investment management, and financial planning services, while the company also offers services related to insurance and investment banking.

Founded in 1868 by Thomas Claiborne Frost, the company has a long history of serving Texas markets.