Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $176.00 at Royal Bank Of Canada

Cullen/Frost Bankers (NYSE:CFR) had its price target raised by Royal Bank Of Canada from $168.00 to $176.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 5.67% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Morgan Stanley lifted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a report on Monday, June 29th. DA Davidson upped their price objective on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Citigroup lifted their target price on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their price target for the company from $135.00 to $160.00 in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $157.00.

Cullen/Frost Bankers Stock Performance

NYSE CFR traded up $3.07 on Friday, hitting $166.56. 404,648 shares of the stock traded hands, compared to its average volume of 572,516. The business’s fifty day moving average is $150.97 and its two-hundred day moving average is $143.46. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $169.09. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The business had revenue of $608.65 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period last year, the business posted $2.39 earnings per share. As a group, equities analysts anticipate that Cullen/Frost Bankers will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $92,904,000. Two Sigma Investments LP lifted its stake in Cullen/Frost Bankers by 2,024.4% in the 3rd quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock worth $47,409,000 after purchasing an additional 356,373 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Cullen/Frost Bankers by 16,676.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock worth $44,760,000 after purchasing an additional 351,363 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cullen/Frost Bankers by 18.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after purchasing an additional 236,808 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at $29,687,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers News Roundup

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Cullen/Frost reported diluted EPS of $2.70, up from $2.39 a year earlier and above the roughly $2.53–$2.55 analyst consensus. Revenue reached approximately $608.7 million versus estimates of $589.7 million. Cullen/Frost Bankers Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Core banking trends were strong. Tax-equivalent net interest income increased 4.3% year over year to $470.1 million, non-interest income rose 9.4% to $128.3 million, and average loans grew 7.4% to $22.6 billion. Management also highlighted a record loan pipeline and improved credit quality, helping offset higher operating expenses. Cullen/Frost Q2 Earnings Beat
• Positive Sentiment: Analysts raised their targets. Stephens increased its target from $169 to $183 and maintained an “overweight” rating, while Keefe, Bruyette & Woods lifted its target from $165 to $175 and assigned an “outperform” rating. Analyst Price Target Reports
• Positive Sentiment: Shareholder returns remain supportive. Cullen/Frost declared a quarterly common-stock dividend of $1.03 per share, representing an annualized yield of approximately 2.5%, and repurchased about 655,000 shares for $90 million during the quarter. Cullen/Frost Reports Second Quarter Results
• Neutral Sentiment: Broker sentiment is mixed. Despite the recent target increases, the overall brokerage consensus remains “Hold,” suggesting investors may view the strong results as partly reflected in CFR’s valuation. Cullen/Frost Receives Average Hold Recommendation

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.