Compass Point Boosts Cullen/Frost Bankers (NYSE:CFR) Price Target to $145.00

Cullen/Frost Bankers (NYSE:CFR) had its target price upped by investment analysts at Compass Point from $122.00 to $145.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Compass Point’s target price would suggest a potential upside of 5.98% from the company’s current price.

Other analysts have also recently issued reports about the stock. Wedbush reduced their price objective on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup increased their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $127.07.

Cullen/Frost Bankers Stock Down 0.2 %

Shares of NYSE CFR traded down $0.31 during midday trading on Tuesday, hitting $136.82. The stock had a trading volume of 13,739 shares, compared to its average volume of 445,877. The business’s 50 day moving average is $130.30 and its 200-day moving average is $114.81. The company has a market cap of $8.77 billion, a P/E ratio of 16.98, a PEG ratio of 1.66 and a beta of 0.99. Cullen/Frost Bankers has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The firm had revenue of $518.04 million during the quarter, compared to analysts’ expectations of $517.25 million. During the same period in the previous year, the company earned $2.38 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that Cullen/Frost Bankers will post 8.75 EPS for the current year.

Insider Activity

In related news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now directly owns 94,423 shares in the company, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,864 shares of company stock worth $2,977,033. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 24.4% during the 1st quarter. Cetera Advisors LLC now owns 2,391 shares of the bank’s stock valued at $269,000 after purchasing an additional 469 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Cullen/Frost Bankers by 44.8% during the 2nd quarter. SG Americas Securities LLC now owns 4,720 shares of the bank’s stock valued at $480,000 after purchasing an additional 1,460 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cullen/Frost Bankers by 6.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,333 shares of the bank’s stock valued at $237,000 after purchasing an additional 137 shares in the last quarter. Everpar Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 6.1% during the 2nd quarter. Everpar Advisors LLC now owns 3,422 shares of the bank’s stock valued at $348,000 after purchasing an additional 197 shares in the last quarter. Finally, Oak Harvest Investment Services increased its holdings in shares of Cullen/Frost Bankers by 8.7% during the 2nd quarter. Oak Harvest Investment Services now owns 28,701 shares of the bank’s stock valued at $2,917,000 after purchasing an additional 2,296 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

About Cullen/Frost Bankers

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.