Cullen/Frost Bankers (NYSE:CFR) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Cullen/Frost Bankers (NYSE:CFR – Get Rating) in a research report issued on Thursday. The firm set a “sell” rating on the bank’s stock.

Other equities research analysts have also issued research reports about the stock. DA Davidson began coverage on shares of Cullen/Frost Bankers in a research note on Tuesday, December 20th. They set a “buy” rating and a $147.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Cullen/Frost Bankers from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, December 13th. UBS Group began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday. They issued a “sell” rating and a $107.00 price objective for the company. Stephens reduced their price objective on shares of Cullen/Frost Bankers from $154.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, January 27th. Finally, Wedbush reduced their price objective on shares of Cullen/Frost Bankers from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.57.

Cullen/Frost Bankers Trading Down 4.4 %

Cullen/Frost Bankers stock opened at $106.59 on Thursday. The company has a 50 day moving average price of $129.68 and a 200 day moving average price of $136.48. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 1.19 and a beta of 1.06. Cullen/Frost Bankers has a 52 week low of $103.01 and a 52 week high of $160.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.61 and a current ratio of 0.61.

Cullen/Frost Bankers (NYSE:CFR – Get Rating) last issued its earnings results on Thursday, January 26th. The bank reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.16. Cullen/Frost Bankers had a net margin of 30.80% and a return on equity of 18.55%. During the same quarter last year, the company posted $1.54 earnings per share. Research analysts forecast that Cullen/Frost Bankers will post 10.5 EPS for the current year.

Insider Buying and Selling

In other news, CEO Phillip D. Green bought 9,500 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average price of $106.59 per share, for a total transaction of $1,012,605.00. Following the acquisition, the chief executive officer now directly owns 114,729 shares of the company’s stock, valued at approximately $12,228,964.11. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Carol Jean Severyn acquired 1,500 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were bought at an average price of $107.30 per share, for a total transaction of $160,950.00. Following the acquisition, the executive vice president now owns 5,371 shares in the company, valued at approximately $576,308.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phillip D. Green acquired 9,500 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were bought at an average price of $106.59 per share, for a total transaction of $1,012,605.00. Following the acquisition, the chief executive officer now owns 114,729 shares in the company, valued at approximately $12,228,964.11. The disclosure for this purchase can be found here. Insiders have bought 16,700 shares of company stock worth $1,789,751 in the last quarter. 3.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CFR. Capital Research Global Investors boosted its position in shares of Cullen/Frost Bankers by 39.1% during the 1st quarter. Capital Research Global Investors now owns 2,408,656 shares of the bank’s stock valued at $333,382,000 after acquiring an additional 676,467 shares in the last quarter. Norges Bank acquired a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at about $81,228,000. Cullen Frost Bankers Inc. boosted its position in shares of Cullen/Frost Bankers by 237.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 728,408 shares of the bank’s stock valued at $96,310,000 after acquiring an additional 512,856 shares in the last quarter. State Street Corp boosted its position in shares of Cullen/Frost Bankers by 11.0% during the 3rd quarter. State Street Corp now owns 4,224,699 shares of the bank’s stock valued at $558,590,000 after acquiring an additional 419,766 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Cullen/Frost Bankers by 7.3% during the 3rd quarter. BlackRock Inc. now owns 5,412,497 shares of the bank’s stock valued at $715,641,000 after acquiring an additional 368,866 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.

Cullen/Frost Bankers Company Profile

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Cullen/Frost Bankers, Inc is a financial holding company, which engages in the provision of commercial and consumer banking services. It operates through the Banking and Frost Wealth Advisors segments. The Banking segment operates commercial and consumer banking services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services.