Cullen/Frost Bankers (NYSE:CFR) Stock Rating Lowered by DA Davidson

Cullen/Frost Bankers (NYSE:CFR) was downgraded by stock analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Monday, MarketBeat reports. They presently have a $143.00 price target on the bank’s stock, up from their previous price target of $138.00. DA Davidson’s target price would suggest a potential upside of 3.10% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Compass Point lifted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup increased their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $130.31.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $138.70 on Monday. The business has a 50 day moving average of $137.63 and a 200-day moving average of $125.28. The company has a market capitalization of $8.89 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. On average, equities research analysts predict that Cullen/Frost Bankers will post 8.66 earnings per share for the current year.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,858 shares of company stock worth $4,137,865. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently bought and sold shares of CFR. Tidal Investments LLC grew its holdings in shares of Cullen/Frost Bankers by 30.3% in the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after acquiring an additional 4,348 shares in the last quarter. Pathstone Holdings LLC grew its stake in Cullen/Frost Bankers by 45.0% in the 3rd quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock valued at $2,156,000 after purchasing an additional 5,981 shares during the period. Barclays PLC grew its stake in Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after purchasing an additional 305,921 shares during the period. Raymond James & Associates increased its position in shares of Cullen/Frost Bankers by 10.0% during the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock valued at $13,361,000 after purchasing an additional 10,884 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth $784,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

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.