Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $144.00 at Evercore ISI

Cullen/Frost Bankers (NYSE:CFR) had its price target upped by research analysts at Evercore ISI from $136.00 to $144.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the bank’s stock. Evercore ISI’s price target points to a potential upside of 4.06% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Compass Point increased their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. DA Davidson downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price objective for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Stephens lifted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $132.54.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded down $2.22 during mid-day trading on Monday, reaching $138.38. 50,988 shares of the company’s stock were exchanged, compared to its average volume of 441,861. The firm has a market capitalization of $8.87 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers has a one year low of $94.09 and a one year high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The business’s fifty day simple moving average is $137.57 and its two-hundred day simple moving average is $125.83.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. Analysts anticipate that Cullen/Frost Bankers will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of CFR. Champlain Investment Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 7.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after acquiring an additional 244,445 shares during the period. Montrusco Bolton Investments Inc. lifted its position in Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock valued at $135,252,000 after buying an additional 111,719 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cullen/Frost Bankers by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after buying an additional 66,223 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Cullen/Frost Bankers by 9.8% in the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after buying an additional 94,252 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Cullen/Frost Bankers by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock valued at $110,418,000 after acquiring an additional 16,223 shares during the period. 86.90% of the stock is 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.