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

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price target boosted by stock analysts at Barclays from $135.00 to $155.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Barclays's price objective points to a potential upside of 11.40% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada lowered their price objective on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group started coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective on the stock. Stephens raised 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. Morgan Stanley lowered their price target on 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. Finally, Raymond James Financial upgraded Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Tuesday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of "Hold" and an average price target of $134.79.

Cullen/Frost Bankers Stock Performance

CFR traded up $2.27 on Tuesday, hitting $139.13. The company's stock had a trading volume of 39,026 shares, compared to its average volume of 454,443. Cullen/Frost Bankers has a 12 month low of $98.61 and a 12 month high of $147.64. 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 firm has a market cap of $8.94 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 2.89 and a beta of 0.68. The company's 50 day simple moving average is $128.10 and its 200-day simple moving average is $128.80.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. The company had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. During the same quarter last year, the business posted $2.15 earnings per share. Analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the transaction, the chief accounting officer owned 5,545 shares in the company, valued at $93,876.85. This represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.89% of the company's stock.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently bought and sold shares of CFR. Alpine Bank Wealth Management bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $30,000. eCIO Inc. bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $36,000. Geneos Wealth Management Inc. boosted its position in shares of Cullen/Frost Bankers by 40.8% in 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 in the last quarter. UMB Bank n.a. boosted its position in shares of Cullen/Frost Bankers by 59.6% in 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 in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $57,000. 86.90% of the stock is owned by institutional investors.

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.