Cullen/Frost Bankers (NYSE:CFR) Stock Price Target Cut by Cantor Fitzgerald

Cullen/Frost Bankers (NYSE:CFR) had its target price dropped by research analysts at Cantor Fitzgerald from $175.00 to $167.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 10.25% from the stock’s previous close.

Several other research firms also recently commented on CFR. TD Cowen lowered their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Morgan Stanley upped their target price on Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their target price for the company from $135.00 to $160.00 in a research report on Monday, July 6th. Barclays raised their target price on Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Finally, Royal Bank Of Canada lowered their price target on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $169.36.

Cullen/Frost Bankers Stock Down 0.2%

CFR stock opened at $151.47 on Wednesday. The firm has a 50 day moving average of $160.43 and a 200 day moving average of $151.66. The stock has a market capitalization of $9.41 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.56. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 52 week low of $119.00 and a 52 week high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. During the same quarter in the previous year, the firm earned $2.39 EPS. Sell-side analysts forecast that Cullen/Frost Bankers will post 10.94 earnings per share for the current year.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at $1,133,453,000. State Street Corp raised its holdings in shares of Cullen/Frost Bankers by 3.8% during the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after purchasing an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Cullen/Frost Bankers by 22.6% during the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock worth $429,204,000 after purchasing an additional 511,784 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cullen/Frost Bankers by 18.3% during the first 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 during the last quarter. Finally, Bank of America Corp DE lifted its position in Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas, and the parent company of Frost Bank. Through Frost, the company provides banking, investment, and financial services to individuals, businesses, and institutions.

Frost Bank offers personal and business deposit accounts, consumer and commercial lending, treasury management, payment services, and other banking products. Its wealth management operations provide trust, investment management, and financial planning services, while the company also offers services related to insurance and investment banking.

Founded in 1868 by Thomas Claiborne Frost, the company has a long history of serving Texas markets.