Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $183.00

Cullen/Frost Bankers (NYSE:CFR) had its target price boosted by investment analysts at Stephens from $169.00 to $183.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 9.55% from the company’s previous close.

A number of other equities research analysts have also recently commented on CFR. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday, June 29th. Citigroup increased their price objective on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their target price for the company from $135.00 to $160.00 in a research note on Monday, July 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $155.25.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded up $3.55 during trading on Friday, hitting $167.04. The company had a trading volume of 178,805 shares, compared to its average volume of 570,771. The stock has a 50 day simple moving average of $150.97 and a 200 day simple moving average of $143.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $169.09. The firm has a market capitalization of $10.49 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The firm had revenue of $608.65 million for the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the firm earned $2.39 EPS. As a group, analysts anticipate that Cullen/Frost Bankers will post 10.57 earnings per share for the current year.

Insider Activity

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock valued at $416,000 after purchasing an additional 94 shares in the last quarter. Cardinal Capital Management grew its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after buying an additional 98 shares in the last quarter. Evolve Private Wealth LLC increased its holdings in shares of Cullen/Frost Bankers by 6.0% in the 1st quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock worth $237,000 after buying an additional 98 shares during the last quarter. Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Cullen/Frost Bankers by 0.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock valued at $1,771,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

More Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Strong quarterly earnings: Cullen/Frost reported adjusted earnings of $2.70 per share, above the $2.53–$2.55 consensus range and up from $2.39 a year earlier. Revenue reached approximately $608.7 million, also exceeding expectations of $589.7 million. Cullen/Frost Bankers Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Healthy operating growth: Second-quarter net income available to common shareholders increased to $170.4 million from $155.3 million. Net interest income rose 4.3% year over year, average loans grew 7.4% to $22.6 billion, deposits increased 2.1% to $42.6 billion, and non-interest income advanced 9.4%. Management also highlighted a record loan pipeline during the earnings call. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Analyst upgrade: Keefe, Bruyette & Woods raised its price target from $165 to $175 and upgraded CFR to “outperform,” implying additional upside from recent trading levels. Benzinga analyst price target update
• Positive Sentiment: Shareholder returns: The bank declared a quarterly common-stock dividend of $1.03 per share, equivalent to an approximately 2.5% annualized yield, and repurchased about $90 million of stock during the quarter.
• Neutral Sentiment: Brokerage consensus remains cautious: Despite KBW’s upgrade, the overall analyst recommendation for Cullen/Frost remains “Hold,” suggesting expectations for further gains are not broadly shared. Cullen/Frost Receives Average Hold Recommendation
• Negative Sentiment: Expense growth continues: Non-interest expense rose 4.2% year over year to $361.7 million, which could limit operating leverage if costs accelerate. CFR’s shares are also near their 52-week high, leaving less room for disappointment despite the favorable quarter.

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.