Cullen/Frost Bankers (NYSE:CFR) Price Target Cut to $175.00 by Analysts at Royal Bank Of Canada

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by Royal Bank Of Canada from $176.00 to $175.00 in a report released on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price points to a potential upside of 15.97% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald upped their price objective on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Stephens boosted their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, July 31st. TD Cowen dropped their price target on Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their price objective for the company from $135.00 to $160.00 in a report on Monday, July 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.09.

Cullen/Frost Bankers Trading Down 1.0%

NYSE CFR traded down $1.46 during trading on Friday, hitting $150.90. The stock had a trading volume of 122,435 shares, compared to its average volume of 555,609. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $9.38 billion, a PE ratio of 14.27, a PEG ratio of 2.30 and a beta of 0.56. The firm has a 50 day moving average price of $161.43 and a 200 day moving average price of $151.31. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The firm had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period last year, the business posted $2.39 earnings per share. As a group, equities research analysts forecast that Cullen/Frost Bankers will post 10.94 earnings per share for the current year.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wedmont Private Capital raised its holdings in shares of Cullen/Frost Bankers by 108.2% during the third quarter. Wedmont Private Capital now owns 2,682 shares of the bank’s stock worth $409,000 after purchasing an additional 1,394 shares during the period. GAMMA Investing LLC increased its stake in Cullen/Frost Bankers by 7.1% during the 3rd quarter. GAMMA Investing LLC now owns 8,916 shares of the bank’s stock valued at $1,361,000 after buying an additional 593 shares during the period. Artemis Investment Management LLP increased its stake in shares of Cullen/Frost Bankers by 19.5% during the third quarter. Artemis Investment Management LLP now owns 521,810 shares of the bank’s stock valued at $79,665,000 after acquiring an additional 85,267 shares during the period. Apella Capital LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at $214,000. Finally, Martin Capital Partners LLC lifted its position in shares of Cullen/Frost Bankers by 0.4% during the 3rd quarter. Martin Capital Partners LLC now owns 70,140 shares of the bank’s stock valued at $10,708,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas, and the parent company of Frost Bank. Through Frost, the company provides banking, investment, and financial services to individuals, businesses, and institutions.

Frost Bank offers personal and business deposit accounts, consumer and commercial lending, treasury management, payment services, and other banking products. Its wealth management operations provide trust, investment management, and financial planning services, while the company also offers services related to insurance and investment banking.

Founded in 1868 by Thomas Claiborne Frost, the company has a long history of serving Texas markets.