Cullen/Frost Bankers (NYSE:CFR) Given “Buy” Rating at Maxim Group

Cullen/Frost Bankers (NYSE:CFRGet Rating)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a research report issued on Friday, TipRanks reports. They currently have a $162.00 price target on the bank’s stock. Maxim Group’s price target points to a potential upside of 22.46% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. StockNews.com began coverage on Cullen/Frost Bankers in a report on Thursday, March 31st. They issued a “sell” rating for the company. Bank of America upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $144.00 price target on the stock in a research note on Friday, April 8th. Wolfe Research upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $157.00 to $171.00 in a research note on Thursday, April 7th. Wedbush upped their price target on shares of Cullen/Frost Bankers from $121.00 to $132.00 in a research note on Friday, January 28th. Finally, Raymond James upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Wednesday, April 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.70.

Shares of Cullen/Frost Bankers stock traded down $5.03 during midday trading on Friday, reaching $132.29. 929,176 shares of the company’s stock traded hands, compared to its average volume of 354,361. The stock has a 50 day moving average of $139.24 and a 200-day moving average of $135.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $8.47 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. Cullen/Frost Bankers has a 12 month low of $100.35 and a 12 month high of $147.39.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The bank reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. Cullen/Frost Bankers had a return on equity of 10.50% and a net margin of 31.75%. During the same period in the prior year, the business earned $1.77 earnings per share. On average, equities analysts anticipate that Cullen/Frost Bankers will post 7.15 earnings per share for the current fiscal year.

In other Cullen/Frost Bankers news, insider Patrick B. Frost sold 6,601 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $139.33, for a total value of $919,717.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.76% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ensign Peak Advisors Inc boosted its position in shares of Cullen/Frost Bankers by 20.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 61,094 shares of the bank’s stock valued at $7,247,000 after acquiring an additional 10,525 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $10,361,000. Cullen Frost Bankers Inc. boosted its position in shares of Cullen/Frost Bankers by 0.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 242,417 shares of the bank’s stock valued at $30,562,000 after acquiring an additional 1,676 shares during the last quarter. Corient Capital Partners LLC lifted its position in Cullen/Frost Bankers by 9.0% in the third quarter. Corient Capital Partners LLC now owns 7,185 shares of the bank’s stock worth $852,000 after buying an additional 593 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in Cullen/Frost Bankers by 1.7% in the third quarter. Advisory Services Network LLC now owns 8,965 shares of the bank’s stock worth $1,064,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 82.72% of the company’s stock.

Cullen/Frost Bankers Company Profile (Get Rating)

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

Further Reading

Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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