Royal Bank of Canada Issues Pessimistic Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by stock analysts at Royal Bank of Canada from $147.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 11.93% from the company’s current price.

Several other analysts have also commented on CFR. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price target for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Barclays increased their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday. Keefe, Bruyette & Woods boosted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. Finally, Stephens boosted their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an “equal weight” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average price target of $132.14.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $125.08 on Friday. The stock has a fifty day moving average price of $119.84 and a 200 day moving average price of $131.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $8.04 billion, a PE ratio of 14.10, a P/E/G ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.13. The business had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same quarter in the previous year, the company posted $2.15 EPS. Sell-side analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in shares of Cullen/Frost Bankers in the 1st quarter valued at about $30,000. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 45.8% in the fourth 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. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers during the third quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after buying an additional 239 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of 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 in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.