JPMorgan Chase & Co. Increases Cullen/Frost Bankers (NYSE:CFR) Price Target to $140.00

Cullen/Frost Bankers (NYSE:CFRGet Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $135.00 to $140.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 27.57% from the stock’s current price.

Several other research firms have also recently commented on CFR. Keefe, Bruyette & Woods cut their price target on Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. UBS Group upped their target price on Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 26th. Truist Financial upped their price target on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a “hold” rating in a report on Monday. Finally, Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and an average price target of $116.15.

Read Our Latest Stock Analysis on Cullen/Frost Bankers

Cullen/Frost Bankers Stock Down 0.4 %

NYSE CFR opened at $109.74 on Thursday. The stock has a market cap of $7.05 billion, a PE ratio of 12.06, a P/E/G ratio of 1.37 and a beta of 1.03. The business has a 50 day moving average price of $107.49 and a two-hundred day moving average price of $101.57. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. The business had revenue of $523.66 million during the quarter, compared to analyst estimates of $498.09 million. As a group, sell-side analysts predict that Cullen/Frost Bankers will post 8.45 EPS for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its position in Cullen/Frost Bankers by 10.3% during the first quarter. American Century Companies Inc. now owns 5,345 shares of the bank’s stock worth $740,000 after buying an additional 501 shares during the last quarter. Natixis Advisors L.P. acquired a new position in shares of Cullen/Frost Bankers during the 1st quarter worth about $1,736,000. BlackRock Inc. increased its position in Cullen/Frost Bankers by 0.8% in the 1st quarter. BlackRock Inc. now owns 5,032,068 shares of the bank’s stock worth $696,489,000 after buying an additional 39,554 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Cullen/Frost Bankers by 9.0% during the first quarter. Great West Life Assurance Co. Can now owns 31,607 shares of the bank’s stock worth $4,501,000 after buying an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Cullen/Frost Bankers in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

(Get Free Report)

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.

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