Barclays Has Lowered Expectations for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its target price decreased by stock analysts at Barclays from $145.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective points to a potential upside of 8.41% from the company’s current price.

CFR has been the topic of several other research reports. Morgan Stanley upped their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. Citigroup increased their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research note on Friday, October 31st. Cantor Fitzgerald initiated coverage on Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $135.55.

Cullen/Frost Bankers Stock Up 0.3%

CFR stock traded up $0.40 during midday trading on Friday, hitting $129.14. The stock had a trading volume of 193,622 shares, compared to its average volume of 439,999. The business has a 50-day moving average of $124.70 and a two-hundred day moving average of $127.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 2.99 and a beta of 0.64. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.29. The company had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same period last year, the company posted $2.24 EPS. As a group, equities research analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the sale, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in shares of Cullen/Frost Bankers in the third quarter worth about $28,000. GoalVest Advisory LLC bought a new position in Cullen/Frost Bankers during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its stake in Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after buying an additional 264 shares during the last quarter. Finally, Community Bank N.A. purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $35,000. 86.90% of the stock is currently owned by institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.