Raymond James Financial Has Lowered Expectations for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price objective decreased by equities research analysts at Raymond James Financial from $150.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price objective indicates a potential upside of 15.62% from the company’s current price.

A number of other equities analysts have also commented on the company. Barclays dropped their price objective on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Royal Bank Of Canada dropped their price objective on Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group assumed coverage on Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price objective on the stock. Evercore ISI upgraded Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective on the stock in a research note on Friday, May 2nd. Finally, Stephens lifted their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $133.71.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $125.41 on Monday. Cullen/Frost Bankers has a fifty-two week low of $100.31 and a fifty-two week high of $147.64. The business has a 50-day moving average of $130.72 and a two-hundred day moving average of $128.49. The stock has a market capitalization of $8.07 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.11. The business had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. During the same period in the previous year, the company posted $2.21 earnings per share. On average, equities research analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management acquired a new position in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its holdings in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after acquiring an additional 264 shares in the last quarter. eCIO Inc. acquired a new position in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $36,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after acquiring an additional 106 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Cullen/Frost Bankers by 59.6% in the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock worth $49,000 after acquiring an additional 146 shares in the last quarter. 86.90% of the stock is 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.