Cullen/Frost Bankers (NYSE:CFR) Given “Market Perform” Rating at Raymond James Financial

Cullen/Frost Bankers (NYSE:CFR)‘s stock had its “market perform” rating reissued by research analysts at Raymond James Financial in a research note issued on Wednesday,Benzinga reports.

Other equities analysts have also issued research reports about the company. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. DA Davidson raised their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Citigroup lifted their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a report on Tuesday. Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Cullen/Frost Bankers in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $150.73.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $154.67 on Wednesday. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $156.21. The company has a 50 day moving average of $142.22 and a 200-day moving average of $138.84. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.89 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. The business had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the business earned $2.30 EPS. On average, equities analysts forecast that Cullen/Frost Bankers will post 10.54 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Diversified Trust Co. boosted its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 74 shares during the last quarter. Matrix Trust Co raised its stake in shares of Cullen/Frost Bankers by 40.4% during the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of 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 buying an additional 94 shares during the last quarter. Cardinal Capital Management lifted its holdings in Cullen/Frost Bankers by 0.5% in the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after buying an additional 98 shares during the period. Finally, 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 valued at $237,000 after buying an additional 98 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.