Cullen/Frost Bankers (NYSE:CFR) Stock Price Expected to Rise, Barclays Analyst Says

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price objective increased by Barclays from $135.00 to $155.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Barclays's price target suggests a potential upside of 12.98% from the stock's previous close.

A number of other research analysts have also recently weighed in on CFR. Royal Bank Of Canada dropped their price objective on shares of 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. Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 target price on the stock. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Stephens raised their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial upgraded shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.79.

Cullen/Frost Bankers Price Performance

Shares of CFR traded down $0.35 during mid-day trading on Tuesday, reaching $137.19. 176,198 shares of the company's stock were exchanged, compared to its average volume of 454,631. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $128.45 and a two-hundred day simple moving average of $128.82. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $147.64. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.90 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. The business had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. During the same period last year, the company posted $2.15 EPS. On average, sell-side analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson bought 1,870 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the acquisition, the chief accounting officer owned 5,545 shares of the company's stock, valued at $93,876.85. The trade was a 50.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Cullen/Frost Bankers by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after buying an additional 66,243 shares during the period. Boston Trust Walden Corp increased its position in shares of Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after purchasing an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cullen/Frost Bankers by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank's stock worth $132,365,000 after purchasing an additional 30,709 shares during the last quarter. Northern Trust Corp increased its position in shares of Cullen/Frost Bankers by 8.0% in the 1st quarter. Northern Trust Corp now owns 1,051,168 shares of the bank's stock worth $131,606,000 after purchasing an additional 77,592 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Cullen/Frost Bankers by 122,282.2% in the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after purchasing an additional 1,005,160 shares during the last quarter. 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.