Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $121.31

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have received an average rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $121.31.

A number of analysts recently weighed in on the company. Stephens boosted their target price on Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Truist Financial lowered their price objective on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a report on Friday, September 20th. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 26th. Citigroup decreased their target price on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating on the stock in a research report on Monday, September 30th. Finally, Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, September 30th.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $127.47 on Friday. Cullen/Frost Bankers has a 52-week low of $84.86 and a 52-week high of $128.90. The company has a fifty day moving average of $113.65 and a 200-day moving average of $108.31. The company has a market capitalization of $8.19 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The firm had revenue of $528.81 million during the quarter, compared to analyst estimates of $506.83 million. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. During the same quarter in the previous year, the company posted $2.47 earnings per share. As a group, equities research analysts predict that Cullen/Frost Bankers will post 8.59 EPS for the current fiscal year.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total value of $357,600.00. Following the sale, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Cullen/Frost Bankers by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,412,843 shares of the bank’s stock worth $695,729,000 after buying an additional 19,755 shares during the period. Champlain Investment Partners LLC raised its position in shares of Cullen/Frost Bankers by 18.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock worth $359,378,000 after acquiring an additional 495,215 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cullen/Frost Bankers by 18.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock valued at $114,994,000 after purchasing an additional 161,580 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at approximately $107,166,000. Finally, Dimensional Fund Advisors LP grew its stake in Cullen/Frost Bankers by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock worth $96,856,000 after purchasing an additional 120,333 shares during the period. 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.