Cullen/Frost Bankers, Inc. (NYSE:CFR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Wedbush raised Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $92.00 target price for the company in a research report on Friday, May 19th. Barclays PLC upped their target price on Cullen/Frost Bankers from $97.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. cut Cullen/Frost Bankers from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Maxim Group reaffirmed a “buy” rating and set a $105.00 target price on shares of Cullen/Frost Bankers in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $95.04.

Cullen/Frost Bankers (NYSE CFR) opened at 83.68 on Thursday. The firm’s 50-day moving average is $88.30 and its 200-day moving average is $91.21. The firm has a market capitalization of $5.37 billion, a PE ratio of 16.49 and a beta of 1.33. Cullen/Frost Bankers has a 12 month low of $67.86 and a 12 month high of $99.20.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, hitting analysts’ consensus estimates of $1.29. The firm had revenue of $295.87 million for the quarter, compared to the consensus estimate of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, equities research analysts expect that Cullen/Frost Bankers will post $5.26 EPS for the current year.

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Several large investors have recently made changes to their positions in CFR. Bank of Montreal Can increased its stake in shares of Cullen/Frost Bankers by 1.7% in the first quarter. Bank of Montreal Can now owns 7,333 shares of the bank’s stock valued at $652,000 after buying an additional 124 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Cullen/Frost Bankers by 3.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,769 shares of the bank’s stock valued at $1,759,000 after buying an additional 669 shares in the last quarter. BB&T Corp acquired a new stake in shares of Cullen/Frost Bankers in the first quarter valued at $526,000. Geneva Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 7.6% in the first quarter. Geneva Advisors LLC now owns 3,913 shares of the bank’s stock valued at $348,000 after buying an additional 277 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Cullen/Frost Bankers by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 46,031 shares of the bank’s stock valued at $4,095,000 after buying an additional 3,055 shares in the last quarter. Institutional investors own 82.39% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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

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