Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the firm, Marketbeat reports. Twelve research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $94.30.
A number of research analysts have recently issued reports on CFR shares. Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, June 13th. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $89.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, June 6th. Keefe, Bruyette & Woods set a $94.00 price target on Cullen/Frost Bankers and gave the company a “hold” rating in a report on Monday, April 3rd. BidaskClub upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research note on Friday.
Cullen/Frost Bankers (NYSE:CFR) traded down 0.20% during mid-day trading on Monday, reaching $95.64. The company had a trading volume of 179,337 shares. Cullen/Frost Bankers has a 1-year low of $65.07 and a 1-year high of $99.20. The firm has a 50-day moving average of $93.22 and a 200 day moving average of $90.69. The company has a market capitalization of $6.12 billion, a PE ratio of 19.47 and a beta of 1.33.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Wednesday, April 26th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a return on equity of 10.84% and a net margin of 27.98%. The business had revenue of $292.21 million for the quarter, compared to the consensus estimate of $319.56 million. During the same period last year, the business posted $1.07 EPS. On average, analysts predict that Cullen/Frost Bankers will post $5.31 earnings per share for the current fiscal year.
In other news, Director Graham M. Weston purchased 22,081 shares of the stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of $90.56 per share, with a total value of $1,999,655.36. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.15% of the company’s stock.
A number of hedge funds have recently modified their holdings of CFR. Thrivent Financial for Lutherans boosted its stake in shares of Cullen/Frost Bankers by 10.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,560 shares of the bank’s stock worth $843,000 after buying an additional 890 shares in the last quarter. Palisade Capital Management LLC NJ boosted its stake in shares of Cullen/Frost Bankers by 4.7% in the first quarter. Palisade Capital Management LLC NJ now owns 218,975 shares of the bank’s stock worth $19,482,000 after buying an additional 9,844 shares in the last quarter. Kempner Capital Management Inc. boosted its stake in shares of Cullen/Frost Bankers by 63.7% in the first quarter. Kempner Capital Management Inc. now owns 125,872 shares of the bank’s stock worth $11,199,000 after buying an additional 48,996 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Cullen/Frost Bankers by 3,918.0% in the first quarter. BlackRock Inc. now owns 4,695,956 shares of the bank’s stock worth $417,800,000 after buying an additional 4,579,082 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Cullen/Frost Bankers by 16.2% in the first quarter. Prudential Financial Inc. now owns 224,918 shares of the bank’s stock worth $20,011,000 after buying an additional 31,390 shares in the last quarter. 81.19% of the stock is owned by institutional investors.
About Cullen/Frost Bankers
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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