Cullen/Frost Bankers' (CFR) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• Cullen/Frost Bankers' stock has maintained a "Hold (C+)" rating according to Weiss Ratings, reflecting mixed analyst sentiments concerning the bank's performance.
• Analysts have adjusted their price targets for the stock, with Barclays and Raymond James both reducing theirs to $145.00, while Morgan Stanley raised its target to $136.00.
• In its latest quarterly earnings, Cullen/Frost Bankers reported an EPS of $2.39, surpassing estimates and demonstrating a strong return on equity of 15.46%.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on CFR. Barclays lowered their price objective on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Raymond James Financial lowered their price objective on Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "underweight" rating in a research note on Monday, September 29th. TD Cowen raised Cullen/Frost Bankers to a "strong-buy" rating in a research note on Thursday, September 25th. Finally, Cantor Fitzgerald assumed coverage on Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a "neutral" rating and a $138.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and an average target price of $137.31.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR traded down $0.06 during trading on Wednesday, reaching $127.37. The stock had a trading volume of 289,988 shares, compared to its average volume of 374,366. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The business has a fifty day moving average price of $127.02 and a 200-day moving average price of $125.90. The stock has a market cap of $8.19 billion, a PE ratio of 13.71, a PEG ratio of 2.66 and a beta of 0.71. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.11. The firm had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.During the same period in the previous year, the company posted $2.21 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several institutional investors and hedge funds have recently modified their holdings of CFR. Alpine Bank Wealth Management purchased a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at $30,000. Hantz Financial Services Inc. raised its holdings in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank's stock valued at $34,000 after buying an additional 264 shares during the period. eCIO Inc. purchased a new stake in Cullen/Frost Bankers during the 1st quarter worth about $36,000. Geneos Wealth Management Inc. increased its holdings in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock worth $46,000 after purchasing an additional 106 shares during the period. Finally, UMB Bank n.a. increased its holdings in Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock worth $49,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors 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.

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