Cullen/Frost Bankers (NYSE:CFR) Lifted to “Sell” at StockNews.com

Cullen/Frost Bankers (NYSE:CFR) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued on Saturday.

Several other analysts have also weighed in on CFR. Stephens upped their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reduced their price objective on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Truist Financial dropped their target price on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, April 29th. UBS Group raised their target price on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.46.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $105.93 on Friday. The firm has a market capitalization of $6.81 billion, a PE ratio of 12.52, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $108.94 and a 200 day moving average price of $104.30. Cullen/Frost Bankers has a 52-week low of $82.25 and a 52-week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period in the previous year, the firm earned $2.70 earnings per share. On average, sell-side analysts anticipate that Cullen/Frost Bankers will post 8.46 earnings per share for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the firm’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 transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares in the company, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of large investors have recently added to or reduced their stakes in CFR. NBC Securities Inc. bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth $27,000. ICA Group Wealth Management LLC bought a new stake in Cullen/Frost Bankers during the fourth quarter valued at about $33,000. Arvest Investments Inc. acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $35,000. CWM LLC increased its stake in shares of Cullen/Frost Bankers by 46.5% in the first quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after purchasing an additional 106 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $43,000. 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.