Cullen/Frost Bankers (NYSE:CFR) Receives Hold Rating from Stephens

Cullen/Frost Bankers (NYSE:CFR)‘s stock had its “hold” rating reiterated by investment analysts at Stephens in a note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $86.00 price objective on the bank’s stock. Stephens’ price objective points to a potential downside of 8.67% from the company’s current price.

A number of other brokerages have also commented on CFR. SunTrust Banks reduced their target price on shares of Cullen/Frost Bankers from $108.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Wedbush lowered shares of Cullen/Frost Bankers from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $87.00 to $82.00 in a research report on Friday, November 1st. Maxim Group reduced their target price on shares of Cullen/Frost Bankers from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Piper Jaffray Companies set a $91.00 target price on shares of Cullen/Frost Bankers and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, ValuEngine raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $93.67.

Shares of NYSE:CFR traded down $0.19 during trading on Thursday, reaching $94.16. 241,913 shares of the company were exchanged, compared to its average volume of 324,999. The firm has a market capitalization of $5.95 billion, a PE ratio of 13.65, a P/E/G ratio of 1.46 and a beta of 1.37. The business’s fifty day simple moving average is $89.43 and its 200-day simple moving average is $91.59. Cullen/Frost Bankers has a 12-month low of $79.86 and a 12-month high of $106.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.62 and a quick ratio of 0.62.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 31st. The bank reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.04. The business had revenue of $365.84 million for the quarter, compared to analyst estimates of $364.56 million. Cullen/Frost Bankers had a net margin of 30.76% and a return on equity of 13.11%. During the same period last year, the company posted $1.78 earnings per share. On average, sell-side analysts anticipate that Cullen/Frost Bankers will post 6.85 EPS for the current fiscal year.

Cullen/Frost Bankers declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 25th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 1.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Cullen/Frost Bankers news, Director Carlos Alvarez acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $85.08 per share, with a total value of $2,552,400.00. Following the completion of the acquisition, the director now directly owns 454,000 shares in the company, valued at approximately $38,626,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Bracher sold 9,360 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.10, for a total transaction of $843,336.00. Following the transaction, the insider now directly owns 86,743 shares in the company, valued at $7,815,544.30. The disclosure for this sale can be found here. Company insiders own 4.84% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Robinson Value Management Ltd. acquired a new stake in Cullen/Frost Bankers in the second quarter valued at approximately $28,000. Quantamental Technologies LLC acquired a new stake in Cullen/Frost Bankers in the second quarter valued at approximately $38,000. Usca Ria LLC acquired a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $43,000. Machina Capital S.A.S. acquired a new stake in Cullen/Frost Bankers in the second quarter valued at approximately $47,000. Finally, Coastal Investment Advisors Inc. acquired a new stake in Cullen/Frost Bankers in the second quarter valued at approximately $49,000. Institutional investors own 80.39% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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

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