Cullen/Frost Bankers (NYSE:CFR) Price Target Cut to $133.00 by Analysts at Morgan Stanley

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by equities researchers at Morgan Stanley from $143.00 to $133.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the bank’s stock. Morgan Stanley’s target price would suggest a potential downside of 3.46% from the company’s previous close.

A number of other equities analysts have also commented on CFR. Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Royal Bank Of Canada increased their price objective on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Citigroup raised their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Finally, Barclays upped their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $141.83.

Cullen/Frost Bankers Trading Up 1.8%

Shares of NYSE:CFR traded up $2.44 during midday trading on Tuesday, reaching $137.76. The company had a trading volume of 133,350 shares, compared to its average volume of 561,246. The company has a fifty day simple moving average of $138.85 and a two-hundred day simple moving average of $131.18. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $148.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. During the same quarter in the previous year, the company earned $2.36 EPS. Research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Insider Activity

In related news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several institutional investors and hedge funds have recently modified their holdings of CFR. Hsbc Holdings PLC increased its position in Cullen/Frost Bankers by 85.7% during the fourth quarter. Hsbc Holdings PLC now owns 67,379 shares of the bank’s stock worth $8,564,000 after buying an additional 31,101 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Cullen/Frost Bankers by 185.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,292 shares of the bank’s stock worth $924,000 after acquiring an additional 4,736 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cullen/Frost Bankers by 199.8% during the 4th quarter. Corient Private Wealth LLC now owns 50,560 shares of the bank’s stock valued at $6,404,000 after acquiring an additional 33,697 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Cullen/Frost Bankers by 77.0% in the 4th quarter. Sunbelt Securities Inc. now owns 871 shares of the bank’s stock valued at $110,000 after acquiring an additional 379 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Cullen/Frost Bankers by 12.6% in the 4th quarter. Invesco Ltd. now owns 139,371 shares of the bank’s stock worth $17,649,000 after purchasing an additional 15,606 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.