Jefferies Group LLC reiterated their hold rating on shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in a research note published on Friday. Jefferies Group LLC currently has a $95.00 price objective on the bank’s stock.
CFR has been the topic of a number of other research reports. BidaskClub raised shares of Cullen/Frost Bankers from a sell rating to a hold rating in a report on Wednesday, July 5th. Morgan Stanley reissued an equal weight rating and issued a $93.00 price target (up previously from $90.00) on shares of Cullen/Frost Bankers in a report on Thursday, July 6th. Raymond James Financial, Inc. reissued a market perform rating on shares of Cullen/Frost Bankers in a report on Tuesday, July 4th. Zacks Investment Research raised shares of Cullen/Frost Bankers from a hold rating to a buy rating and set a $94.00 price target on the stock in a report on Tuesday, March 28th. Finally, Keefe, Bruyette & Woods set a $94.00 price target on shares of Cullen/Frost Bankers and gave the stock a hold rating in a report on Monday, April 3rd. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $94.30.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.20% on Friday, reaching $95.64. 179,337 shares of the company were exchanged. Cullen/Frost Bankers has a 12-month low of $65.07 and a 12-month high of $99.20. The firm has a 50 day moving average price of $93.22 and a 200-day moving average price of $90.69. The stock has a market capitalization of $6.12 billion, a PE ratio of 19.47 and a beta of 1.33.
Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Wednesday, April 26th. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a net margin of 27.98% and a return on equity of 10.84%. The business had revenue of $292.21 million for the quarter, compared to analysts’ expectations of $319.56 million. During the same period in the prior year, the company posted $1.07 EPS. On average, analysts predict that Cullen/Frost Bankers will post $5.31 EPS for the current fiscal year.
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In other Cullen/Frost Bankers news, Director Graham M. Weston bought 22,081 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $90.56 per share, with a total value of $1,999,655.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.15% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CFR. Thrivent Financial for Lutherans raised its position in Cullen/Frost Bankers by 10.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,560 shares of the bank’s stock valued at $843,000 after buying an additional 890 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in Cullen/Frost Bankers by 4.7% in the first quarter. Palisade Capital Management LLC NJ now owns 218,975 shares of the bank’s stock valued at $19,482,000 after buying an additional 9,844 shares in the last quarter. Kempner Capital Management Inc. raised its position in Cullen/Frost Bankers by 63.7% in the first quarter. Kempner Capital Management Inc. now owns 125,872 shares of the bank’s stock valued at $11,199,000 after buying an additional 48,996 shares in the last quarter. BlackRock Inc. raised its position in Cullen/Frost Bankers by 3,918.0% in the first quarter. BlackRock Inc. now owns 4,695,956 shares of the bank’s stock valued at $417,800,000 after buying an additional 4,579,082 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Cullen/Frost Bankers by 16.2% in the first quarter. Prudential Financial Inc. now owns 224,918 shares of the bank’s stock valued at $20,011,000 after buying an additional 31,390 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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