Cullen/Frost Bankers (NYSE:CFR) Hits New 52-Week High – What’s Next?

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) reached a new 52-week high during trading on Thursday . The stock traded as high as $135.00 and last traded at $131.08, with a volume of 6726 shares traded. The stock had previously closed at $130.47.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lowered their target price 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. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, September 30th. Evercore ISI lowered their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Wedbush lowered 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. Finally, Jefferies Financial Group lowered their price objective on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.31.

Cullen/Frost Bankers Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. The business’s fifty day simple moving average is $114.52 and its 200 day simple moving average is $108.59.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in shares of Cullen/Frost Bankers by 125.2% in the 1st quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock worth $1,338,000 after purchasing an additional 6,610 shares during the last quarter. Natixis bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $957,000. Norden Group LLC bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $1,062,000. American Century Companies Inc. grew its position in shares of Cullen/Frost Bankers by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock valued at $6,941,000 after buying an additional 7,236 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Cullen/Frost Bankers by 15.9% during the 1st quarter. Sei Investments Co. now owns 377,920 shares of the bank’s stock valued at $42,543,000 after buying an additional 51,808 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.