Cullen/Frost Bankers (NYSE:CFR) Hits New 1-Year High – What’s Next?

Cullen/Frost Bankers, Inc. (NYSE:CFR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $125.30 and last traded at $125.25, with a volume of 217118 shares trading hands. The stock had previously closed at $123.06.

Analysts Set New Price Targets

Several research firms have recently issued reports on CFR. JPMorgan Chase & Co. lowered their price objective on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Maxim Group raised their price target on Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI decreased their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Wedbush decreased their price target on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Citigroup decreased their price target on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research note on Monday, September 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $121.31.

Cullen/Frost Bankers Price Performance

The stock has a fifty day moving average price of $113.30 and a 200-day moving average price of $108.20. The firm has a market capitalization of $8.19 billion, a PE ratio of 15.00, 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 posted its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The firm had revenue of $528.81 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $2.47 EPS. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.59 EPS for the current fiscal year.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 1,598 shares of the company’s stock, valued at $190,481.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its stake in Cullen/Frost Bankers by 11,169.3% during the 3rd quarter. Pathway Financial Advisers LLC now owns 22,426 shares of the bank’s stock valued at $2,509,000 after purchasing an additional 22,227 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in Cullen/Frost Bankers by 3.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,948 shares of the bank’s stock valued at $553,000 after purchasing an additional 161 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Cullen/Frost Bankers by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 35,590 shares of the bank’s stock valued at $3,981,000 after purchasing an additional 800 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Cullen/Frost Bankers by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,459 shares of the bank’s stock valued at $834,000 after purchasing an additional 500 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new stake in Cullen/Frost Bankers during the 3rd quarter valued at about $107,166,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.