Cullen/Frost Bankers (NYSE:CFR) Stock Price Expected to Rise, Citigroup Analyst Says

Cullen/Frost Bankers (NYSE:CFR) had its target price lifted by stock analysts at Citigroup from $114.00 to $125.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the bank’s stock. Citigroup’s price objective suggests a potential downside of 11.09% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. DA Davidson boosted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Barclays lifted their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.92.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $140.60 on Monday. The company has a 50 day simple moving average of $131.87 and a 200-day simple moving average of $128.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 5.13 and a beta of 0.65. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $145.53.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.79%. During the same period in the previous year, the firm posted $2.36 earnings per share. Equities research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at $481,965. The trade was a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,700 shares of company stock valued at $225,970. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after buying an additional 230,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cullen/Frost Bankers by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after purchasing an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Cullen/Frost Bankers by 46.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 24,347 shares of the bank’s stock valued at $3,130,000 after buying an additional 7,761 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in Cullen/Frost Bankers by 18.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,255 shares of the bank’s stock worth $290,000 after buying an additional 358 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.