Cullen/Frost Bankers (NYSE:CFR) Stock Rating Upgraded by StockNews.com

Cullen/Frost Bankers (NYSE:CFR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report released on Saturday.

Several other analysts also recently weighed in on CFR. JPMorgan Chase & Co. lifted their target price on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Compass Point cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Morgan Stanley increased their price target on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group raised their price objective on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Finally, Jefferies Financial Group upped their target price on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $117.46.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $105.93 on Friday. The stock has a fifty day simple moving average of $108.94 and a 200-day simple moving average of $104.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.81 billion, a PE ratio of 12.52, a P/E/G ratio of 1.32 and a beta of 1.04. Cullen/Frost Bankers has a twelve month low of $82.25 and a twelve month high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period in the previous year, the company earned $2.70 EPS. Equities analysts anticipate that Cullen/Frost Bankers will post 8.43 earnings per share for the current year.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 9,820 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the sale, the insider now owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. 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 and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in Cullen/Frost Bankers during the fourth quarter worth approximately $1,069,000. Hsbc Holdings PLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at $1,302,000. Raymond James & Associates boosted its stake in Cullen/Frost Bankers by 15.1% during the 3rd quarter. Raymond James & Associates now owns 203,802 shares of the bank’s stock worth $18,589,000 after purchasing an additional 26,670 shares during the period. Aigen Investment Management LP purchased a new position in Cullen/Frost Bankers during the 3rd quarter worth $530,000. Finally, Bryn Mawr Capital Management LLC acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $1,042,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.