Barclays Has Lowered Expectations for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Key Points

• Barclays reduced its price target for Cullen/Frost Bankers (CFR) from $155.00 to $145.00, while maintaining an "equal weight" rating on the stock, suggesting a potential upside of 17.85% from the previous close.
• CFR experienced a trading decline of 3.4% and has a current price of $123.04, with annual fluctuations between a low of $100.31 and a high of $147.64.
• The consensus rating for Cullen/Frost Bankers is "Hold", with three analysts rating it as a sell, nine as hold, and two as buy, indicating mixed sentiments among investors.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price target cut by research analysts at Barclays from $155.00 to $145.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the bank's stock. Barclays's target price suggests a potential upside of 17.85% from the company's previous close.

CFR has been the subject of a number of other research reports. Stephens increased their price target on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Raymond James Financial raised Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Tuesday, July 8th. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective for the company. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $134.07.

Cullen/Frost Bankers Trading Down 3.4%

NYSE:CFR opened at $123.04 on Friday. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year high of $147.64. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 2.84 and a beta of 0.68. The business has a fifty day moving average of $130.89 and a 200-day moving average of $128.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. The business had revenue of $567.83 million during the quarter, compared to analysts' expectations of $552.04 million. During the same quarter last year, the business posted $2.21 earnings per share. Equities analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several institutional investors have recently bought and sold shares of the business. AlphaQuest LLC grew its stake in shares of Cullen/Frost Bankers by 8.0% during the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank's stock worth $139,000 after purchasing an additional 80 shares during the period. Cardinal Capital Management boosted its position in shares of Cullen/Frost Bankers by 0.5% during the second quarter. Cardinal Capital Management now owns 17,824 shares of the bank's stock worth $2,291,000 after buying an additional 81 shares during the period. LaSalle St. Investment Advisors LLC boosted its position in Cullen/Frost Bankers by 4.0% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock valued at $271,000 after purchasing an additional 84 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Cullen/Frost Bankers by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock valued at $280,000 after purchasing an additional 86 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Cullen/Frost Bankers by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank's stock valued at $2,327,000 after purchasing an additional 100 shares during 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.

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