DA Davidson Increases Cullen/Frost Bankers (NYSE:CFR) Price Target to $144.00

Key Points

• DA Davidson raised its price target on Cullen/Frost Bankers to $144.00 (from $143.00) while keeping a "neutral" rating, implying only about a 2.93% upside from the prior close.
• Analyst views are mixed — several firms (Barclays, Keefe Bruyette & Woods, TD Cowen) have raised targets or upgraded the stock, but the MarketBeat consensus remains a Hold with an average target of $142.82.
• Cullen/Frost posted a strong quarter, beating estimates with $2.65 EPS vs. $2.49 expected and $1.04B revenue vs. ~$587M expected, alongside a 15.58% ROE and a P/E of 13.62.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its price objective upped by research analysts at DA Davidson from $143.00 to $144.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the bank's stock. DA Davidson's price objective suggests a potential upside of 2.93% from the stock's previous close.

Several other research firms have also issued reports on CFR. Weiss Ratings raised shares of Cullen/Frost Bankers from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Barclays upped their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Citigroup upped their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a "sell" rating in a research report on Monday, February 2nd. Finally, TD Cowen upgraded Cullen/Frost Bankers to a "strong-buy" rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and an average target price of $142.82.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR traded down $0.46 during trading on Monday, hitting $139.91. 92,038 shares of the company were exchanged, compared to its average volume of 544,980. The company has a market capitalization of $8.81 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 3.87 and a beta of 0.58. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is $138.96 and its 200-day moving average is $133.66.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $587.29 million. During the same period in the previous year, the firm posted $2.30 EPS. Equities analysts forecast that Cullen/Frost Bankers will post 10.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $26,000. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at about $28,000. GoalVest Advisory LLC bought a new position in shares of Cullen/Frost Bankers in the third quarter worth approximately $28,000. Covestor Ltd increased its position in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank's stock worth $33,000 after purchasing an additional 184 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.

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