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

Cullen/Frost Bankers (NYSE:CFR) had its price target upped by equities researchers at Compass Point from $111.00 to $122.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Compass Point’s price objective would indicate a potential downside of 3.42% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Wedbush reduced their target price on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Truist Financial reduced their price objective on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Royal Bank of Canada increased their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday. DA Davidson raised their target price on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $123.86.

Cullen/Frost Bankers Price Performance

NYSE:CFR traded up $1.41 on Tuesday, reaching $126.32. 183,096 shares of the company’s stock traded hands, compared to its average volume of 450,789. The stock has a 50-day simple moving average of $115.88 and a 200-day simple moving average of $109.13. Cullen/Frost Bankers has a 12 month low of $91.24 and a 12 month high of $135.00. The firm has a market cap of $8.09 billion, a PE ratio of 15.70, a P/E/G ratio of 1.54 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same period in the prior year, the company posted $2.38 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Cullen/Frost Bankers will post 8.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Bobby Berman sold 3,506 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the transaction, the executive vice president now owns 26,661 shares in the company, valued at $3,367,550.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its holdings in shares of Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares during the period. Asset Dedication LLC raised its holdings in shares of Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after acquiring an additional 105 shares in the last quarter. Whittier Trust Co. lifted its stake in Cullen/Frost Bankers by 90.7% in the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after acquiring an additional 186 shares during the period. Allworth Financial LP grew its holdings in Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank’s stock worth $50,000 after acquiring an additional 239 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Cullen/Frost Bankers during the 3rd quarter worth about $52,000. Institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.