Cullen/Frost Bankers (NYSE:CFR) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Cullen/Frost Bankers (NYSE:CFR) had its price target raised by equities research analysts at Cantor Fitzgerald from $154.00 to $158.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 3.35% from the stock’s previous close.

Several other equities research analysts also recently commented on CFR. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Jefferies Financial Group upgraded Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their target price for the company from $135.00 to $160.00 in a report on Monday, July 6th. DA Davidson raised their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Finally, Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $152.42.

Cullen/Frost Bankers Trading Up 3.1%

Shares of NYSE CFR opened at $163.48 on Wednesday. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $163.80. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $145.63 and a 200-day simple moving average of $141.19.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The firm had revenue of $574.84 million for the quarter, compared to analysts’ expectations of $587.28 million. During the same quarter last year, the business posted $2.30 EPS. Sell-side analysts predict that Cullen/Frost Bankers will post 10.57 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after purchasing an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cullen/Frost Bankers by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after purchasing an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake 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 valued at $46,000 after purchasing an additional 106 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cullen/Frost Bankers by 12.2% in the 2nd quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock valued at $16,201,000 after purchasing an additional 13,718 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Cullen/Frost Bankers by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after purchasing an additional 532 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.