Citigroup Issues Positive Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price target raised by equities researchers at Citigroup from $131.00 to $145.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the bank’s stock. Citigroup’s price target would indicate a potential downside of 6.14% from the stock’s current price.

Several other equities analysts have also recently weighed in on CFR. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Morgan Stanley lifted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a report on Monday. Cantor Fitzgerald reissued a “neutral” rating on shares of Cullen/Frost Bankers in a report on Monday, June 1st. Barclays raised their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Finally, TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $150.73.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock traded down $0.29 during trading hours on Tuesday, reaching $154.48. The company had a trading volume of 130,684 shares, compared to its average volume of 565,939. The business has a fifty day moving average price of $141.99 and a 200-day moving average price of $138.67. Cullen/Frost Bankers has a one year low of $119.00 and a one year high of $156.21. The firm has a market cap of $9.70 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 3.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Sell-side analysts predict 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 firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares in the company, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Cullen/Frost Bankers during the third quarter valued at about $28,000. Covestor Ltd raised its stake in Cullen/Frost Bankers by 67.6% during 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 period. Blue Trust Inc. lifted its holdings in Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Community Bank N.A. purchased a new position in Cullen/Frost Bankers in the 3rd quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Cullen/Frost Bankers in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.