Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $134.00

Cullen/Frost Bankers (NYSE:CFR) had its price objective upped by investment analysts at DA Davidson from $127.00 to $134.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s price target suggests a potential upside of 11.32% from the company’s current price.

Several other research analysts have also recently issued reports on CFR. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating for the company in a report on Monday, July 8th. Evercore ISI decreased their price objective on Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Wedbush increased their price target on shares of Cullen/Frost Bankers from $106.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group decreased their price objective on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com upgraded Cullen/Frost Bankers to a “sell” rating in a research report on Saturday, May 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $116.79.

Cullen/Frost Bankers Stock Up 2.3 %

CFR traded up $2.66 during trading hours on Friday, hitting $120.37. 119,185 shares of the company’s stock were exchanged, compared to its average volume of 442,960. The firm has a market cap of $7.73 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12-month low of $82.25 and a 12-month high of $123.17. The firm has a 50 day moving average of $102.40 and a 200 day moving average of $105.81.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.16. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same quarter in the previous year, the company posted $2.47 earnings per share. Analysts predict that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Cullen/Frost Bankers by 53.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,420 shares of the bank’s stock worth $1,131,000 after purchasing an additional 3,609 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Cullen/Frost Bankers by 79.5% in the 4th quarter. Pacer Advisors Inc. now owns 9,623 shares of the bank’s stock valued at $1,044,000 after buying an additional 4,263 shares during the period. Arvest Investments Inc. acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at about $35,000. Fulton Bank N.A. lifted its holdings in shares of Cullen/Frost Bankers by 14.4% during the 4th quarter. Fulton Bank N.A. now owns 4,369 shares of the bank’s stock worth $474,000 after acquiring an additional 549 shares during the period. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 11.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 146,848 shares of the bank’s stock worth $15,932,000 after acquiring an additional 14,798 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.