Cullen/Frost Bankers (NYSE:CFR) Stock Rating Lowered by DA Davidson

Cullen/Frost Bankers (NYSE:CFR) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $143.00 price target on the bank’s stock, up from their prior price target of $138.00. DA Davidson’s price objective suggests a potential upside of 3.10% from the stock’s current price.

Several other equities analysts have also recently weighed in on CFR. Compass Point raised their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens boosted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Finally, Maxim Group boosted their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $130.31.

Cullen/Frost Bankers Trading Up 2.1 %

NYSE:CFR opened at $138.70 on Monday. The company has a market cap of $8.89 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64. The business has a 50 day moving average price of $137.63 and a two-hundred day moving average price of $125.28. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. As a group, analysts expect that Cullen/Frost Bankers will post 8.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. The trade was a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,858 shares of company stock valued at $4,137,865. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently made changes to their positions in CFR. Creative Planning raised its stake in Cullen/Frost Bankers by 7.4% in the second quarter. Creative Planning now owns 8,449 shares of the bank’s stock valued at $859,000 after purchasing an additional 585 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Cullen/Frost Bankers by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock valued at $600,000 after buying an additional 156 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $2,199,000. GAMMA Investing LLC boosted its position in shares of Cullen/Frost Bankers by 18.5% during the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock worth $76,000 after acquiring an additional 106 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Cullen/Frost Bankers by 14.3% in the third quarter. Diversified Trust Co now owns 22,085 shares of the bank’s stock valued at $2,470,000 after acquiring an additional 2,755 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.