Cullen/Frost Bankers (NYSE:CFR) Stock Rating Lowered by Keefe, Bruyette & Woods

Cullen/Frost Bankers (NYSE:CFR) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, Briefing.com reports. They presently have a $175.00 target price on the bank’s stock. Keefe, Bruyette & Woods‘s target price would suggest a potential upside of 11.14% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. TD Cowen decreased their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a report on Monday, October 5th. Barclays boosted their target price on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their target price for the stock from $135.00 to $160.00 in a report on Monday, July 6th. Zacks Research cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $171.55.

Cullen/Frost Bankers Trading Down 0.1%

NYSE:CFR opened at $157.46 on Monday. The company has a market cap of $9.79 billion, a PE ratio of 14.65, a P/E/G ratio of 1.83 and a beta of 0.56. The business’s 50 day moving average is $157.79 and its two-hundred day moving average is $148.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52 week low of $119.14 and a 52 week high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $603.83 million during the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a return on equity of 16.27% and a net margin of 23.37%. During the same period in the previous year, the business earned $2.67 EPS. On average, analysts predict that Cullen/Frost Bankers will post 10.97 EPS for the current year.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds have recently bought and sold shares of CFR. GK Wealth Management LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter worth about $32,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers in the second quarter valued at approximately $37,000. Global Retirement Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the second quarter valued at approximately $38,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $41,000. Finally, Root Financial Partners LLC raised its holdings in shares of Cullen/Frost Bankers by 90.0% during the first quarter. Root Financial Partners LLC now owns 435 shares of the bank’s stock valued at $60,000 after buying an additional 206 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.