Barclays Lowers Cullen/Frost Bankers (NYSE:CFR) Price Target to $140.00

Cullen/Frost Bankers (NYSE:CFR) had its price target cut by equities researchers at Barclays from $145.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays‘s price target points to a potential upside of 8.54% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Evercore ISI increased their price objective on Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Citigroup increased their price target on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research report on Friday, October 31st. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $135.55.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $128.98 on Friday. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $146.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $124.83 and a two-hundred day moving average of $127.54. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.00 and a beta of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The business had revenue of $567.27 million for the quarter, compared to the consensus estimate of $565.54 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same period in the previous year, the firm earned $2.24 EPS. As a group, analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.89% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter worth $26,000. Advisory Services Network LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter worth $28,000. GoalVest Advisory LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter worth $28,000. Hantz Financial Services Inc. lifted its position in Cullen/Frost Bankers by 8,800.0% during 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 during the last quarter. Finally, Community Bank N.A. bought a new stake in Cullen/Frost Bankers during the third quarter valued at about $35,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.