Cullen/Frost Bankers (NYSE:CFR) Given New $155.00 Price Target at Barclays

Cullen/Frost Bankers (NYSE:CFR) had its target price increased by investment analysts at Barclays from $135.00 to $155.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s price target indicates a potential upside of 13.30% from the stock’s current price.

Several other brokerages have also weighed in on CFR. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price objective for the company. Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 target price for the company in a research report on Friday, May 2nd. Royal Bank Of Canada lowered their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, May 2nd. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $134.79.

Cullen/Frost Bankers Trading Up 0.2%

Shares of CFR stock opened at $136.80 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.79 billion, a P/E ratio of 15.02, a PEG ratio of 2.89 and a beta of 0.68. The company has a 50 day moving average of $128.10 and a 200-day moving average of $128.80. Cullen/Frost Bankers has a 12-month low of $98.61 and a 12-month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.13. The business had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same period in the prior year, the company earned $2.15 earnings per share. Sell-side analysts anticipate that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the acquisition, the chief accounting officer owned 5,545 shares of the company’s stock, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently bought and sold shares of CFR. Alpine Bank Wealth Management bought a new position in shares of Cullen/Frost Bankers in the 1st quarter worth $30,000. eCIO Inc. purchased a new position in Cullen/Frost Bankers in the first quarter worth $36,000. Geneos Wealth Management Inc. increased its stake in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares during the last quarter. UMB Bank n.a. raised its position in Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after purchasing an additional 146 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Cullen/Frost Bankers during the first quarter worth about $57,000. 86.90% of the stock is currently owned by institutional investors.

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.