Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $155.00 at Barclays

Key Points

• Barclays raised its price target on Cullen/Frost to $155 from $150 while keeping an "equal weight" rating, implying roughly a 10.3% upside from the prior close.
• Several other firms also lifted targets (Keefe Bruyette & Woods to $160, Cantor Fitzgerald to $152, RBC to $150), but the analyst consensus remains a "Hold" with a consensus target of $142.25.
• Cullen/Frost reported a quarterly EPS beat of $2.56 vs. $2.47 expected and revenue of $1.05B (well above estimates); the stock traded around $140.52 with a market cap of about $8.85B and a P/E of 14.16.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its target price hoisted by Barclays from $150.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the bank's stock. Barclays's price objective would indicate a potential upside of 10.30% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Cantor Fitzgerald upped their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 3rd. Weiss Ratings raised shares of Cullen/Frost Bankers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. TD Cowen reaffirmed a "positive" rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $142.25.

Cullen/Frost Bankers Trading Up 0.4%

CFR traded up $0.58 on Tuesday, reaching $140.52. 106,765 shares of the company traded hands, compared to its average volume of 551,209. Cullen/Frost Bankers has a one year low of $101.76 and a one year high of $148.97. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.85 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 5.08 and a beta of 0.61. The firm has a fifty day simple moving average of $138.77 and a two-hundred day simple moving average of $131.59.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $578.05 million. During the same quarter in the prior year, the company earned $2.36 EPS. As a group, equities research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $28,000. GoalVest Advisory LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $28,000. Covestor Ltd increased 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 in the last quarter. Finally, Blue Trust Inc. increased its stake in Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank's stock valued at $33,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Company Profile

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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