Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $102.38

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $102.38.

CFR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Stephens set a $100.00 price objective on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a research report on Friday, April 26th. Wedbush set a $100.00 price objective on shares of GrubHub and gave the company a “buy” rating in a research report on Friday, April 26th. Maxim Group set a $73.00 price objective on shares of Emcor Group and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, ValuEngine cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday.

Cullen/Frost Bankers stock traded up $0.48 during mid-day trading on Friday, reaching $91.58. 291,048 shares of the company’s stock traded hands, compared to its average volume of 286,500. The stock has a market capitalization of $5.80 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The firm’s 50 day moving average price is $92.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.61 and a current ratio of 0.61. Cullen/Frost Bankers has a 12-month low of $81.87 and a 12-month high of $116.45.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 25th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.04. The company had revenue of $367.96 million for the quarter, compared to the consensus estimate of $366.47 million. Cullen/Frost Bankers had a net margin of 32.16% and a return on equity of 14.30%. Cullen/Frost Bankers’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers will post 6.94 earnings per share for the current year.

In other news, CFO Jerry Salinas sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $100.98, for a total value of $1,211,760.00. Following the transaction, the chief financial officer now directly owns 24,856 shares in the company, valued at $2,509,958.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles W. Matthews purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $94.32 per share, for a total transaction of $94,320.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $282,960. The disclosure for this purchase can be found here. Corporate insiders own 4.84% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Capital Management Inc. lifted its stake in Cullen/Frost Bankers by 0.3% in the first quarter. Twin Capital Management Inc. now owns 38,050 shares of the bank’s stock worth $3,694,000 after acquiring an additional 100 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Cullen/Frost Bankers by 5.6% during the first quarter. Rockefeller Capital Management L.P. now owns 1,916 shares of the bank’s stock valued at $186,000 after buying an additional 102 shares during the last quarter. ETF Managers Group LLC lifted its position in shares of Cullen/Frost Bankers by 9.2% during the first quarter. ETF Managers Group LLC now owns 1,365 shares of the bank’s stock valued at $133,000 after buying an additional 115 shares during the last quarter. Cardinal Capital Management lifted its position in shares of Cullen/Frost Bankers by 1.8% during the first quarter. Cardinal Capital Management now owns 7,628 shares of the bank’s stock valued at $740,000 after buying an additional 136 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in shares of Cullen/Frost Bankers by 4.1% during the first quarter. Synovus Financial Corp now owns 3,528 shares of the bank’s stock valued at $343,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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