Morgan Stanley Forecasts Strong Price Appreciation for Cullen/Frost Bankers (NYSE:CFR) Stock

Cullen/Frost Bankers (NYSE:CFR) had its price target lifted by research analysts at Morgan Stanley from $136.00 to $143.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the bank’s stock. Morgan Stanley’s price target suggests a potential upside of 1.55% from the stock’s previous close.

CFR has been the topic of several other reports. Citigroup increased their price target on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. DA Davidson boosted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $142.67.

Cullen/Frost Bankers Stock Up 0.4%

Shares of CFR stock opened at $140.82 on Monday. The stock’s fifty day moving average price is $138.45 and its 200 day moving average price is $130.49. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 5.15 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $562.58 million for the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the prior year, the business posted $2.36 EPS. On average, research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the transaction, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. This trade represents a 15.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,700 shares of company stock worth $225,970 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its position in shares of Cullen/Frost Bankers by 62.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after purchasing an additional 14,831 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Cullen/Frost Bankers by 3,892.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after buying an additional 97,854 shares during the last quarter. Truist Financial Corp lifted its position in Cullen/Frost Bankers by 21.8% in the third quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after purchasing an additional 7,217 shares during the period. Legal & General Group Plc lifted its holdings in shares of Cullen/Frost Bankers by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after buying an additional 3,313 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Cullen/Frost Bankers by 1,578.9% during the 3rd quarter. SG Americas Securities LLC now owns 18,686 shares of the bank’s stock worth $2,369,000 after purchasing an additional 17,573 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.