Morgan Stanley Issues Pessimistic Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by equities researchers at Morgan Stanley from $143.00 to $133.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Morgan Stanley’s price target would indicate a potential downside of 4.10% from the stock’s previous close.

Other analysts have also issued research reports about the company. Citigroup boosted their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. DA Davidson raised their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Cantor Fitzgerald lifted their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Finally, Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.83.

Cullen/Frost Bankers Trading Up 1.2%

Shares of CFR stock opened at $138.69 on Tuesday. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $148.97. The firm has a market cap of $8.73 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 5.02 and a beta of 0.61. The company has a 50-day moving average of $138.74 and a two-hundred day moving average of $131.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. During the same period in the previous year, the firm earned $2.36 EPS. On average, analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction on Friday, January 30th. The stock was 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 approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $26,000. GoalVest Advisory LLC acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth about $28,000. Advisory Services Network LLC acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth about $28,000. Covestor Ltd increased its stake in shares of Cullen/Frost Bankers by 67.6% during the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. raised its holdings in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

About Cullen/Frost Bankers

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.