Cullen/Frost Bankers (NYSE:CFR) Sets New 1-Year High – What’s Next?

Cullen/Frost Bankers, Inc. (NYSE:CFR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $166.25 and last traded at $163.7540, with a volume of 682203 shares. The stock had previously closed at $164.23.

Analyst Ratings Changes

Several equities research analysts recently commented on CFR shares. Stephens upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their price objective for the company from $135.00 to $160.00 in a research note on Monday, July 6th. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. DA Davidson lifted their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their target price on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $152.42.

Cullen/Frost Bankers Trading Up 0.1%

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The business’s 50 day simple moving average is $150.47 and its 200 day simple moving average is $143.26.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. The business had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.57 EPS for the current year.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Large investors have recently modified their holdings of the stock. M&T Bank Corp boosted its holdings in shares of Cullen/Frost Bankers by 13.5% in the fourth quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after acquiring an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Cullen/Frost Bankers by 863.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after purchasing an additional 19,221 shares in the last quarter. ProShare Advisors LLC raised its holdings in Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after purchasing an additional 9,612 shares in the last quarter. Verition Fund Management LLC lifted its position in Cullen/Frost Bankers by 52.8% in the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock valued at $16,581,000 after purchasing an additional 45,254 shares during the period. Finally, Tudor Investment Corp ET AL lifted its position in Cullen/Frost Bankers by 915.0% in the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock valued at $5,456,000 after purchasing an additional 38,796 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.