Cullen/Frost Bankers Inc. (NYSE:CFR) shares shot up 2.6% on Thursday . The stock traded as high as $69.29 and last traded at $68.94, with a volume of 310,402 shares changing hands. The stock had previously closed at $67.19.

Several research firms have weighed in on CFR. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th. Deutsche Bank AG reissued a “buy” rating and issued a $64.00 price target on shares of Cullen/Frost Bankers in a report on Sunday, May 22nd. Royal Bank Of Canada increased their price target on shares of Cullen/Frost Bankers from $54.00 to $63.00 and gave the company a “sector perform” rating in a report on Thursday, April 28th. Evercore ISI increased their price target on shares of Cullen/Frost Bankers from $40.00 to $42.00 and gave the company a “sell” rating in a report on Friday, April 1st. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Cullen/Frost Bankers in a report on Wednesday, April 6th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Cullen/Frost Bankers presently has an average rating of “Hold” and an average price target of $61.15.

The company has a market cap of $4.28 billion and a PE ratio of 16.27. The firm’s 50 day moving average price is $64.48 and its 200 day moving average price is $57.50.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. During the same quarter in the prior year, the business posted $1.10 earnings per share. Equities research analysts expect that Cullen/Frost Bankers Inc. will post $4.45 EPS for the current fiscal year.

In other Cullen/Frost Bankers news, EVP Paul Olivier sold 3,476 shares of Cullen/Frost Bankers stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $67.27, for a total value of $233,830.52. Following the sale, the executive vice president now owns 16,143 shares of the company’s stock, valued at $1,085,939.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds recently made changes to their positions in CFR. Dimensional Fund Advisors LP raised its stake in shares of Cullen/Frost Bankers by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 439,504 shares of the company’s stock valued at $26,375,000 after buying an additional 21,982 shares in the last quarter. Trexquant Investment LP acquired a new stake in Cullen/Frost Bankers during the fourth quarter valued at about $2,062,000. Hodges Capital Management Inc. raised its stake in Cullen/Frost Bankers by 16.6% in the fourth quarter. Hodges Capital Management Inc. now owns 32,122 shares of the company’s stock valued at $1,927,000 after buying an additional 4,563 shares during the period. US Bancorp DE raised its stake in Cullen/Frost Bankers by 0.7% in the fourth quarter. US Bancorp DE now owns 56,515 shares of the company’s stock valued at $3,391,000 after buying an additional 366 shares during the period. Finally, Coho Partners Ltd. raised its stake in Cullen/Frost Bankers by 1.7% in the fourth quarter. Coho Partners Ltd. now owns 755,508 shares of the company’s stock valued at $45,330,000 after buying an additional 12,854 shares during the period.

Cullen/Frost Bankers, Inc is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services.

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