Cullen/Frost Bankers (NYSE:CFR) Given New $138.00 Price Target at Maxim Group

Cullen/Frost Bankers (NYSE:CFR) had its target price hoisted by equities research analysts at Maxim Group from $132.00 to $138.00 in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a “buy” rating on the bank’s stock. Maxim Group’s price target points to a potential upside of 17.24% from the stock’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Jefferies Financial Group reduced their price target on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Evercore ISI reduced their price target on shares of Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. DA Davidson restated a “buy” rating and issued a $126.00 price target on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Cullen/Frost Bankers from $118.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $115.50.

Cullen/Frost Bankers Stock Performance

CFR opened at $117.71 on Friday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.42 and a beta of 1.03. The company has a fifty day moving average of $102.16 and a 200 day moving average of $105.73. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $123.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.16. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same quarter in the previous year, the business earned $2.47 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $33,000. Arvest Investments Inc. purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $35,000. CWM LLC lifted its holdings in shares of Cullen/Frost Bankers by 46.5% during the 1st quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after acquiring an additional 106 shares during the period. GAMMA Investing LLC purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $43,000. Finally, Whittier Trust Co. lifted its holdings in shares of Cullen/Frost Bankers by 90.7% during the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after acquiring an additional 186 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.