Cullen/Frost Bankers (NYSE:CFR) Upgraded by Evercore ISI to In-Line Rating

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) was upgraded by Evercore ISI from an "underperform" rating to an "in-line" rating in a report issued on Friday, Marketbeat reports. The firm presently has a $132.00 target price on the bank's stock. Evercore ISI's target price points to a potential upside of 8.17% from the stock's current price.

Several other brokerages also recently commented on CFR. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Barclays started coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $132.14.

Cullen/Frost Bankers Price Performance

NYSE CFR traded down $0.36 during trading hours on Friday, reaching $122.03. The company's stock had a trading volume of 81,239 shares, compared to its average volume of 463,295. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average price is $119.32 and its 200-day moving average price is $131.05. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 6.46 and a beta of 0.67.

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 the consensus estimate of $2.17 by $0.13. The company had revenue of $560.42 million for the quarter, compared to analysts' expectations of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same period in the previous year, the firm posted $2.15 earnings per share. On average, equities research 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 the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the acquisition, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new position in shares of Cullen/Frost Bankers during the first quarter worth about $30,000. UMB Bank n.a. increased its holdings in shares of Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after buying an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers in the 3rd quarter worth approximately $29,000. Blue Trust Inc. lifted its position in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after purchasing an additional 120 shares during the period. Hedge funds and other 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.