Cullen/Frost Bankers (NYSE:CFR) Given New $122.00 Price Target at Compass Point

Cullen/Frost Bankers (NYSE:CFR) had its price objective raised by Compass Point from $111.00 to $122.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Compass Point’s price objective suggests a potential downside of 3.42% from the company’s current price.

CFR has been the subject of a number of other research reports. Citigroup lifted their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday. Truist Financial cut their price target on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Stephens raised their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday. Wedbush cut their target price on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, DA Davidson increased their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus target price of $123.86.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded up $1.41 during trading hours on Tuesday, hitting $126.32. The company’s stock had a trading volume of 183,096 shares, compared to its average volume of 450,789. The business has a 50 day simple moving average of $115.88 and a two-hundred day simple moving average of $109.13. Cullen/Frost Bankers has a 52-week low of $91.24 and a 52-week high of $135.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.54 and a beta of 0.98.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The firm had revenue of $518.04 million during the quarter, compared to analyst estimates of $517.25 million. During the same period last year, the company earned $2.38 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that Cullen/Frost Bankers will post 8.61 earnings per share for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 3,506 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the sale, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CFR. GSA Capital Partners LLP purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $305,000. WCM Investment Management LLC lifted its position in Cullen/Frost Bankers by 339.8% during the third quarter. WCM Investment Management LLC now owns 20,079 shares of the bank’s stock valued at $2,233,000 after purchasing an additional 15,514 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Cullen/Frost Bankers by 52.7% during the third quarter. Venturi Wealth Management LLC now owns 5,992 shares of the bank’s stock valued at $670,000 after purchasing an additional 2,068 shares during the period. Los Angeles Capital Management LLC bought a new stake in Cullen/Frost Bankers during the third quarter valued at about $3,999,000. Finally, Crossmark Global Holdings Inc. increased its position in Cullen/Frost Bankers by 40.2% in the third quarter. Crossmark Global Holdings Inc. now owns 5,095 shares of the bank’s stock worth $570,000 after buying an additional 1,462 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.