Stephens Reiterates Hold Rating for Cullen/Frost Bankers (NYSE:CFR)

Cullen/Frost Bankers (NYSE:CFR)‘s stock had its “hold” rating reiterated by Stephens in a note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $86.00 price target on the bank’s stock. Stephens’ price target suggests a potential downside of 8.67% from the stock’s previous close.

A number of other analysts also recently weighed in on CFR. SunTrust Banks cut their target price on Cullen/Frost Bankers from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Wedbush downgraded Cullen/Frost Bankers from a “neutral” rating to an “underperform” rating and cut their target price for the company from $87.00 to $82.00 in a research report on Friday, November 1st. Maxim Group cut their target price on Cullen/Frost Bankers from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 1st. ValuEngine upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley cut their target price on Cullen/Frost Bankers from $92.00 to $89.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $93.67.

Shares of NYSE CFR traded down $0.19 during midday trading on Thursday, hitting $94.16. 241,913 shares of the company’s stock were exchanged, compared to its average volume of 324,999. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12 month low of $79.86 and a 12 month high of $106.23. The company’s 50 day moving average price is $89.43 and its 200 day moving average price is $91.59. The firm has a market capitalization of $5.95 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 31st. The bank reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.04. The business had revenue of $365.84 million during the quarter, compared to the consensus estimate of $364.56 million. Cullen/Frost Bankers had a return on equity of 13.11% and a net margin of 30.76%. During the same period in the previous year, the company posted $1.78 EPS. On average, equities research analysts anticipate that Cullen/Frost Bankers will post 6.85 EPS for the current year.

Cullen/Frost Bankers declared that its Board of Directors has initiated a share repurchase program on Thursday, July 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the bank to reacquire up to 1.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,360 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.10, for a total value of $843,336.00. Following the completion of the transaction, the insider now owns 86,743 shares of the company’s stock, valued at approximately $7,815,544.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carlos Alvarez bought 30,000 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $85.08 per share, with a total value of $2,552,400.00. Following the acquisition, the director now owns 454,000 shares in the company, valued at $38,626,320. The disclosure for this purchase can be found here. 4.84% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Hilltop Holdings Inc. increased its stake in Cullen/Frost Bankers by 3.7% in the 2nd quarter. Hilltop Holdings Inc. now owns 5,640 shares of the bank’s stock worth $528,000 after buying an additional 200 shares in the last quarter. Brinker Capital Inc. boosted its holdings in shares of Cullen/Frost Bankers by 19.7% during the 3rd quarter. Brinker Capital Inc. now owns 4,058 shares of the bank’s stock valued at $359,000 after purchasing an additional 667 shares during the last quarter. First Merchants Corp boosted its holdings in shares of Cullen/Frost Bankers by 9.6% during the 3rd quarter. First Merchants Corp now owns 24,547 shares of the bank’s stock valued at $2,174,000 after purchasing an additional 2,154 shares during the last quarter. Fidelity National Financial Inc. bought a new position in shares of Cullen/Frost Bankers during the 2nd quarter valued at about $5,784,000. Finally, Commerce Bank boosted its holdings in shares of Cullen/Frost Bankers by 3.1% during the 2nd quarter. Commerce Bank now owns 18,098 shares of the bank’s stock valued at $1,695,000 after purchasing an additional 540 shares during the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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