Several analysts have recently updated their ratings and price targets for Cullen/Frost Bankers (NYSE: CFR):

  • 10/17/2017 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Cullen/Frost have underperformed the industry over the last six months. Estimates have declined lately ahead of the company’s Q3 earnings release. However, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 10/11/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $103.00 price target on the stock.
  • 10/10/2017 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry year to date. This performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 10/6/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $96.50 price target on the stock.
  • 9/29/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $95.00 price target on the stock.
  • 9/22/2017 – Cullen/Frost Bankers was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/20/2017 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 9/13/2017 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 9/7/2017 – Cullen/Frost Bankers was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/1/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $96.50 price target on the stock.

Cullen/Frost Bankers, Inc. (NYSE:CFR) opened at 99.17 on Monday. Cullen/Frost Bankers, Inc. has a one year low of $72.96 and a one year high of $99.53. The stock’s 50 day moving average price is $92.08 and its 200 day moving average price is $91.86. The firm has a market capitalization of $6.37 billion, a PE ratio of 19.54 and a beta of 1.35.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, meeting the consensus estimate of $1.29. The business had revenue of $295.87 million for the quarter, compared to analyst estimates of $316.40 million. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. During the same period in the prior year, the business earned $1.11 earnings per share. Analysts expect that Cullen/Frost Bankers, Inc. will post $5.23 EPS for the current year.

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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