Cullen/Frost Bankers (NYSE:CFR) Stock Rating Lowered by Zacks Research

Cullen/Frost Bankers (NYSE:CFR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other equities analysts also recently weighed in on CFR. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. Cantor Fitzgerald increased their price target on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $161.75.

Cullen/Frost Bankers Stock Up 0.1%

CFR stock opened at $162.89 on Thursday. The company has a fifty day moving average price of $162.31 and a 200 day moving average price of $147.91. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $170.80. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. The firm had revenue of $576.01 million during the quarter, compared to the consensus estimate 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 company earned $2.39 earnings per share. Sell-side analysts expect that Cullen/Frost Bankers will post 10.91 earnings per share for the current year.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Carol Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Symphony Financial Ltd. Co. boosted its holdings in shares of Cullen/Frost Bankers by 2.2% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock valued at $539,000 after buying an additional 75 shares during the period. Private Advisor Group LLC raised its stake in Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Evolve Private Wealth LLC lifted its holdings in Cullen/Frost Bankers by 6.0% in the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock worth $237,000 after acquiring an additional 98 shares during the last quarter. Covestor Ltd lifted its holdings in Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Cullen/Frost Bankers by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock valued at $1,771,000 after acquiring an additional 100 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

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.