Cullen/Frost Bankers (NYSE:CFR) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Cullen/Frost Bankers (NYSE:CFR) in a research report issued on Tuesday,Benzinga reports. The firm set an “equal weight” rating and a $130.00 price target on the bank’s stock. Barclays‘s target price indicates a potential upside of 3.73% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI raised their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley cut their price target on 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. Finally, Keefe, Bruyette & Woods increased their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.57.

Cullen/Frost Bankers Trading Up 0.7 %

Shares of NYSE:CFR opened at $125.32 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52-week low of $94.09 and a 52-week high of $147.64. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 6.46 and a beta of 0.97. The business has a 50-day moving average price of $134.05 and a 200-day moving average price of $131.31.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Equities analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $29,000. UMB Bank n.a. grew its stake in shares of Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the period. Blue Trust Inc. increased its holdings in shares of Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after buying an additional 239 shares during the last quarter. Quarry LP lifted its holdings in Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank’s stock valued at $61,000 after acquiring an additional 310 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock worth $62,000 after acquiring an additional 120 shares during the period. 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.