Cantor Fitzgerald Raises Cullen/Frost Bankers (NYSE:CFR) Price Target to $158.00

Cullen/Frost Bankers (NYSE:CFR) had its price objective raised by equities research analysts at Cantor Fitzgerald from $154.00 to $158.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 0.50% from the stock’s previous close.

A number of other research firms have also commented on CFR. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and raised their price target for the stock from $135.00 to $160.00 in a report on Monday, July 6th. DA Davidson boosted their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Barclays increased their price objective on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $152.42.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded up $1.41 during mid-day trading on Wednesday, reaching $158.79. 42,180 shares of the company’s stock were exchanged, compared to its average volume of 561,198. The business’s fifty day simple moving average is $144.77 and its 200-day simple moving average is $140.74. The stock has a market capitalization of $9.97 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54. Cullen/Frost Bankers has a 52-week low of $119.00 and a 52-week high of $159.48. 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 released its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the firm earned $2.30 EPS. On average, equities research analysts expect that Cullen/Frost Bankers will post 10.57 earnings per share for the current year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Cullen/Frost Bankers in the 3rd quarter valued at approximately $28,000. Covestor Ltd grew its holdings in Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Matrix Trust Co increased its position in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at $41,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.