Cullen/Frost Bankers (NYSE:CFR) PT Lowered to $123.00

Cullen/Frost Bankers (NYSE:CFR) had its price target dropped by research analysts at Wedbush from $124.00 to $123.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Wedbush’s target price points to a potential upside of 10.79% from the company’s current price. Wedbush also issued estimates for Cullen/Frost Bankers’ FY2026 earnings at $9.15 EPS.

Other equities analysts have also recently issued reports about the stock. Evercore ISI decreased their target price on shares of Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Truist Financial decreased their target price on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. DA Davidson boosted their target price on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens boosted their target price on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Morgan Stanley lowered shares of Cullen/Frost Bankers from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $112.00 to $121.00 in a report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $119.64.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $111.02 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12 month low of $82.25 and a 12 month high of $123.17. The company has a 50 day simple moving average of $110.85 and a two-hundred day simple moving average of $106.93. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.37 and a beta of 1.00.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. The business had revenue of $528.81 million during the quarter, compared to analysts’ expectations of $506.83 million. During the same period in the previous year, the business posted $2.47 EPS. As a group, analysts predict that Cullen/Frost Bankers will post 8.62 earnings per share for the current year.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the sale, the executive vice president now owns 1,598 shares of the company’s stock, valued at $190,481.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Candace K. Wolfshohl sold 5,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $119.65, for a total transaction of $598,250.00. Following the transaction, the executive vice president now owns 18,753 shares of the company’s stock, valued at approximately $2,243,796.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Howard L. Kasanoff sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the transaction, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.60. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Cullen/Frost Bankers by 125.2% during the 1st quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock valued at $1,338,000 after acquiring an additional 6,610 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Cullen/Frost Bankers by 4.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock valued at $40,345,000 after buying an additional 15,981 shares during the last quarter. Oak Harvest Investment Services acquired a new position in Cullen/Frost Bankers in the first quarter valued at about $2,972,000. Goldman Sachs Group Inc. lifted its position in Cullen/Frost Bankers by 44.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after buying an additional 244,197 shares during the last quarter. Finally, Natixis acquired a new position in Cullen/Frost Bankers in the first quarter valued at about $957,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.