Cullen/Frost Bankers (NYSE:CFR) Given New $175.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised Cullen/Frost Bankers’ price target from $158 to $175 while maintaining a “neutral” rating, implying 4.58% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $161.75; targets from other firms range from $141 to $185.
• Cullen/Frost reported quarterly EPS of $2.70, beating estimates of $2.55, although revenue of $576.01 million fell short of the $589.72 million consensus forecast.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price objective lifted by equities researchers at Cantor Fitzgerald from $158.00 to $175.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. Cantor Fitzgerald's target price would suggest a potential upside of 4.58% from the company's previous close.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. TD Cowen increased their price target on Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. DA Davidson lifted their price objective on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a "neutral" rating in a report on Monday, May 4th. Finally, Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an "underweight" rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus target price of $161.75.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $167.33 on Wednesday. The firm's 50 day simple moving average is $158.53 and its 200 day simple moving average is $146.14. Cullen/Frost Bankers has a fifty-two week low of $119.00 and a fifty-two week high of $170.80. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.63 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. The firm had revenue of $576.01 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the prior year, the firm earned $2.39 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers will post 10.8 earnings per share for the current year.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.14% of the company's stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers in the third quarter worth $28,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Cullen/Frost Bankers in the second quarter valued at $37,000. Global Retirement Partners LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at $38,000. Covestor Ltd lifted its position in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank's stock worth $31,000 after buying an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Cullen/Frost Bankers during the 1st quarter worth about $41,000. 86.90% of the stock is owned by institutional investors.

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.

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