Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $127.07 Consensus Price Target from Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $127.92.

Several research analysts recently weighed in on CFR shares. Stephens boosted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Compass Point increased their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup increased their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a report on Monday, November 4th.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bobby Berman sold 3,506 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the sale, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.91. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,864 shares of company stock valued at $2,977,033 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in the stock. Champlain Investment Partners LLC grew its position in shares of Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after buying an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. grew its position in shares of Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after buying an additional 111,719 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cullen/Frost Bankers by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after purchasing an additional 66,223 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Cullen/Frost Bankers by 9.8% during the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after purchasing an additional 94,252 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Cullen/Frost Bankers by 3.3% during the third quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock worth $90,185,000 after purchasing an additional 25,909 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 0.9 %

NYSE:CFR opened at $139.02 on Monday. The company has a market capitalization of $8.92 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52-week low of $94.09 and a 52-week high of $147.64. The stock has a fifty day simple moving average of $137.92 and a 200-day simple moving average of $124.43.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same quarter in the previous year, the company posted $2.38 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Cullen/Frost Bankers will post 8.76 earnings per share for the current fiscal year.

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.