Morgan Stanley Has Lowered Expectations for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price objective decreased by research analysts at Morgan Stanley from $132.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. Morgan Stanley’s price objective would indicate a potential downside of 2.15% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Compass Point raised their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price target for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $132.77.

Cullen/Frost Bankers Stock Up 2.3 %

Shares of Cullen/Frost Bankers stock opened at $122.64 on Thursday. The firm has a market cap of $7.88 billion, a P/E ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97. The business has a 50-day moving average price of $137.26 and a 200 day moving average price of $129.83. Cullen/Frost Bankers has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. On average, sell-side analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently made changes to their positions in CFR. Vanguard Group Inc. lifted its stake in Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock valued at $855,884,000 after buying an additional 66,243 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after acquiring an additional 244,445 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after acquiring an additional 111,719 shares during the period. Geode Capital Management LLC grew its holdings in Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after purchasing an additional 66,223 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock valued at $141,270,000 after purchasing an additional 94,252 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.