Cullen/Frost Bankers, Inc. (NYSE:CFR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other analysts have also recently weighed in on CFR. Wedbush raised shares of Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $92.00 price target for the company in a research report on Friday, May 19th. Morgan Stanley upped their price target on shares of Cullen/Frost Bankers from $89.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 6th. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. BidaskClub cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $95.04.

Cullen/Frost Bankers (NYSE:CFR) traded up 2.56% on Thursday, hitting $83.68. The stock had a trading volume of 586,865 shares. The company’s 50-day moving average price is $88.30 and its 200 day moving average price is $91.21. Cullen/Frost Bankers has a one year low of $67.86 and a one year high of $99.20. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 16.49 and a beta of 1.33.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. During the same period in the prior year, the company earned $1.11 EPS. Analysts expect that Cullen/Frost Bankers will post $5.26 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC purchased a new position in Cullen/Frost Bankers in the 2nd quarter valued at about $3,371,000. WFG Advisors LP boosted its position in Cullen/Frost Bankers by 33.4% in the 2nd quarter. WFG Advisors LP now owns 24,392 shares of the bank’s stock valued at $2,291,000 after buying an additional 6,108 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in Cullen/Frost Bankers by 2.6% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 118,735 shares of the bank’s stock valued at $11,150,000 after buying an additional 3,060 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Cullen/Frost Bankers in the 2nd quarter valued at about $589,000. Finally, Public Employees Retirement System of Ohio boosted its position in Cullen/Frost Bankers by 13.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,027 shares of the bank’s stock valued at $2,444,000 after buying an additional 3,061 shares during the last quarter. 82.39% of the stock is owned by institutional investors.

Cullen/Frost Bankers Company Profile

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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Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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