Jefferies Financial Group Trims Cullen/Frost Bankers (NYSE:CFR) Target Price to $108.00

Cullen/Frost Bankers (NYSE:CFR) had its price target dropped by investment analysts at Jefferies Financial Group from $117.00 to $108.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 7.99% from the company’s current price.

A number of other brokerages have also commented on CFR. Truist Financial cut their price target 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. Evercore ISI decreased their target price on shares of Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. StockNews.com raised shares of Cullen/Frost Bankers to a “sell” rating in a research report on Saturday, May 4th. DA Davidson reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.69.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $1.01 during mid-day trading on Wednesday, hitting $100.01. 74,819 shares of the company’s stock were exchanged, compared to its average volume of 406,016. Cullen/Frost Bankers has a 52 week low of $82.25 and a 52 week high of $120.31. The stock’s 50-day simple moving average is $102.53 and its 200-day simple moving average is $105.87. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. The business had revenue of $522.74 million for the quarter, compared to analysts’ expectations of $510.09 million. During the same period last year, the firm posted $2.70 earnings per share. On average, equities research analysts expect that Cullen/Frost Bankers will post 8.4 EPS for the current year.

Institutional Trading of Cullen/Frost Bankers

Institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $33,000. Arvest Investments Inc. purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $35,000. CWM LLC lifted its stake in shares of Cullen/Frost Bankers by 46.5% during the 1st quarter. CWM LLC now owns 334 shares of the bank’s stock valued at $38,000 after buying an additional 106 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Cullen/Frost Bankers by 90.7% during the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock valued at $44,000 after buying an additional 186 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $43,000. 86.90% of the stock is currently owned by hedge funds and other 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.