Cullen/Frost Bankers (NYSE:CFR) Price Target Increased to $134.00 by Analysts at DA Davidson

Cullen/Frost Bankers (NYSE:CFR) had its target price boosted by research analysts at DA Davidson from $127.00 to $134.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. DA Davidson’s price objective would suggest a potential upside of 11.32% from the stock’s current price.

A number of other research firms also recently issued reports on CFR. Truist Financial cut their price objective on shares of Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Wedbush boosted their price target on shares of Cullen/Frost Bankers from $106.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Maxim Group lifted their target price on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group cut their target price on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average price target of $116.79.

Cullen/Frost Bankers Stock Up 2.3 %

Shares of CFR traded up $2.66 on Friday, reaching $120.37. The company’s stock had a trading volume of 119,185 shares, compared to its average volume of 442,960. Cullen/Frost Bankers has a twelve month low of $82.25 and a twelve month high of $123.17. The stock has a market capitalization of $7.73 billion, a PE ratio of 14.21, a PEG ratio of 1.42 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $102.40 and a 200-day moving average of $105.81.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.16. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter last year, the company posted $2.47 earnings per share. Equities analysts predict that Cullen/Frost Bankers will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CFR. Raymond James Financial Services Advisors Inc. lifted its holdings in Cullen/Frost Bankers by 53.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,420 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 3,609 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Cullen/Frost Bankers by 79.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,623 shares of the bank’s stock valued at $1,044,000 after buying an additional 4,263 shares in the last quarter. Arvest Investments Inc. bought a new position in Cullen/Frost Bankers in the 4th quarter worth approximately $35,000. Fulton Bank N.A. grew its stake in Cullen/Frost Bankers by 14.4% in the 4th quarter. Fulton Bank N.A. now owns 4,369 shares of the bank’s stock valued at $474,000 after buying an additional 549 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in Cullen/Frost Bankers by 11.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 146,848 shares of the bank’s stock valued at $15,932,000 after acquiring an additional 14,798 shares during the period. Institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.