Cantor Fitzgerald Forecasts Strong Price Appreciation for Cullen/Frost Bankers (NYSE:CFR) Stock

by · The Cerbat Gem

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) had its target price hoisted by research analysts at Cantor Fitzgerald from $141.00 to $152.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 10.11% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Citigroup upped their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Morgan Stanley upped their price objective on Cullen/Frost Bankers from $136.00 to $143.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $142.67.

Read Our Latest Analysis on Cullen/Frost Bankers

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $2.16 during trading on Tuesday, hitting $138.05. The stock had a trading volume of 32,565 shares, compared to its average volume of 550,493. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $148.97. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 5.08 and a beta of 0.63. The stock has a 50-day simple moving average of $138.22 and a two-hundred day simple moving average of $130.38.

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. The company had revenue of $562.58 million for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the prior year, the company earned $2.36 EPS. On average, equities research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the transaction, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This trade represents a 15.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,700 shares of company stock valued at $225,970 in the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC purchased a new position in Cullen/Frost Bankers during the third quarter worth about $26,000. GoalVest Advisory LLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Covestor Ltd increased its holdings in Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

(Get Free Report)

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.

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