Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $122.00 at Compass Point

Cullen/Frost Bankers (NYSE:CFR) had its price target increased by research analysts 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 target would suggest a potential downside of 15.08% from the stock’s previous close.

Several other brokerages have also recently issued reports on CFR. Truist Financial cut their price target on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Citigroup upped their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday. Maxim Group raised their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Evercore ISI decreased their target price on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.86.

Cullen/Frost Bankers Stock Up 12.6 %

CFR stock opened at $143.66 on Tuesday. The business’s fifty day moving average price is $116.84 and its two-hundred day moving average price is $109.48. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.51 and a beta of 0.98. Cullen/Frost Bankers has a fifty-two week low of $91.24 and a fifty-two week high of $144.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data 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. The business had revenue of $518.04 million during the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 EPS. On average, equities analysts anticipate that Cullen/Frost Bankers will post 8.71 earnings per share for the current year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the transaction, the executive vice president now directly owns 26,661 shares in the company, valued at approximately $3,367,550.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CFR. Allspring Global Investments Holdings LLC grew its stake in shares of Cullen/Frost Bankers by 40.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,376 shares of the bank’s stock worth $155,000 after purchasing an additional 395 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Cullen/Frost Bankers by 35.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,573 shares of the bank’s stock worth $1,866,000 after buying an additional 4,317 shares during the period. Capstone Investment Advisors LLC grew its position in shares of Cullen/Frost Bankers by 68.8% in the 1st quarter. Capstone Investment Advisors LLC now owns 3,993 shares of the bank’s stock valued at $449,000 after buying an additional 1,628 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Cullen/Frost Bankers by 90.7% in the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock valued at $44,000 after buying an additional 186 shares during the period. Finally, Avidian Wealth Solutions LLC bought a new position in shares of Cullen/Frost Bankers during the first quarter worth about $254,000. Institutional investors own 86.90% of the company’s stock.

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.