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

Cullen/Frost Bankers (NYSE:CFR) had its price objective raised by analysts at Cantor Fitzgerald from $141.00 to $152.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 8.79% from the stock’s previous close.

Several other brokerages have also issued reports on CFR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. DA Davidson upped their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Barclays increased their target price on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.67.

Cullen/Frost Bankers Stock Down 0.5%

CFR opened at $139.73 on Tuesday. The business’s fifty day simple moving average is $138.66 and its 200 day simple moving average is $130.55. Cullen/Frost Bankers has a 52 week low of $100.31 and a 52 week high of $148.97. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.83 billion, a PE ratio of 14.09, a P/E/G ratio of 5.16 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. The firm had revenue of $562.58 million during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter in the previous year, the company posted $2.36 earnings per share. As a group, research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,700 shares of company stock valued at $225,970. Insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CFR. Root Financial Partners LLC bought a new stake in Cullen/Frost Bankers in the third quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth about $28,000. GoalVest Advisory LLC bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $28,000. Covestor Ltd boosted its stake in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cullen/Frost Bankers by 252.1% during the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after buying an additional 184 shares during the period. Hedge funds and other 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.