Cullen/Frost Bankers (NYSE:CFR) Upgraded to Hold at Cantor Fitzgerald

Key Points

• Analysts at Cantor Fitzgerald upgraded Cullen/Frost Bankers (NYSE:CFR) to a "hold" rating, amidst varying ratings from other financial analysts.
• The stock has an average target price of $134.00, with two analysts rating it as a Buy, ten as Hold, and three as Sell.
• Cullen/Frost reported $2.39 earnings per share for its last quarter, exceeding the consensus estimate of $2.28, indicating strong financial performance.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) was upgraded by analysts at Cantor Fitzgerald to a "hold" rating in a report released on Tuesday,Zacks.com reports.

CFR has been the subject of several other research reports. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target for the company. Barclays cut their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Finally, Raymond James Financial dropped their target price on Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $134.00.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $125.90 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8.10 billion, a P/E ratio of 13.55, a P/E/G ratio of 2.70 and a beta of 0.74. The firm's 50 day moving average is $130.77 and its two-hundred day moving average is $126.10. Cullen/Frost Bankers has a 52 week low of $100.31 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $567.83 million during the quarter, compared to the consensus estimate of $552.04 million. During the same period last year, the company earned $2.21 earnings per share. Research analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors have recently bought and sold shares of the business. Alpine Bank Wealth Management bought a new stake in shares of Cullen/Frost Bankers during the first quarter worth $30,000. Hantz Financial Services Inc. boosted its position in shares of Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank's stock worth $34,000 after buying an additional 264 shares during the period. eCIO Inc. acquired a new position in Cullen/Frost Bankers during the first quarter valued at approximately $36,000. Geneos Wealth Management Inc. boosted its position in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after purchasing an additional 106 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Cullen/Frost Bankers by 59.6% during 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 during 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.

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