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

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its target price increased by investment analysts at Barclays from $135.00 to $155.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the bank's stock. Barclays's price objective indicates a potential upside of 13.30% from the company's current price.

A number of other analysts also recently issued reports on the stock. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Tuesday. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a report on Friday, May 2nd. Stephens lifted their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and a consensus price target of $134.79.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded up $0.31 on Tuesday, hitting $136.80. 252,368 shares of the stock traded hands, compared to its average volume of 455,625. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 5.13 and a beta of 0.68. Cullen/Frost Bankers has a 52 week low of $97.01 and a 52 week high of $147.64. The firm has a 50 day simple moving average of $127.70 and a two-hundred day simple moving average of $128.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating the consensus estimate of $2.17 by $0.13. The firm had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. During the same period last year, the firm earned $2.15 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction dated Friday, May 2nd. The stock was 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 in the company, valued at $93,876.85. This trade represents a 50.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently modified their holdings of the business. Arizona State Retirement System raised its holdings in shares of Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after purchasing an additional 74 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its stake in shares of Cullen/Frost Bankers by 4.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock worth $271,000 after acquiring an additional 84 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Cullen/Frost Bankers by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock worth $280,000 after acquiring an additional 86 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Cullen/Frost Bankers by 5.7% during the 1st quarter. HB Wealth Management LLC now owns 1,897 shares of the bank's stock worth $238,000 after acquiring an additional 102 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 106 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

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.