Cullen/Frost Bankers (NYSE:CFR) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $87.00 price objective on the bank’s stock, down from their previous price objective of $102.00. Bank of America‘s price target points to a potential downside of 7.31% from the company’s previous close. The analysts noted that the move was a valuation call.

CFR has been the subject of a number of other reports. Stephens set a $100.00 price objective on Cullen/Frost Bankers and gave the company a “hold” rating in a research report on Friday, April 26th. Maxim Group set a $73.00 target price on Emcor Group and gave the stock a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, Wedbush set a $100.00 target price on GrubHub and gave the stock a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $101.89.

CFR opened at $93.86 on Thursday. Cullen/Frost Bankers has a 12-month low of $81.87 and a 12-month high of $116.45. The firm has a market capitalization of $5.92 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. The company has a 50 day simple moving average of $93.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.61 and a current ratio of 0.61.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 25th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.04. Cullen/Frost Bankers had a return on equity of 14.30% and a net margin of 32.16%. The company had revenue of $367.96 million during the quarter, compared to analysts’ expectations of $366.47 million. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, analysts forecast that Cullen/Frost Bankers will post 6.94 earnings per share for the current year.

In other news, Director Charles W. Matthews bought 1,000 shares of the stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $94.32 per share, for a total transaction of $94,320.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at $282,960. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Phillip D. Green sold 14,210 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.91, for a total value of $1,448,141.10. Following the transaction, the chairman now owns 34,337 shares in the company, valued at approximately $3,499,283.67. The disclosure for this sale can be found here. 4.84% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Cullen/Frost Bankers by 27.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,757,310 shares of the bank’s stock worth $267,652,000 after acquiring an additional 600,509 shares during the period. FMR LLC increased its stake in Cullen/Frost Bankers by 0.9% during the 4th quarter. FMR LLC now owns 2,280,587 shares of the bank’s stock worth $200,554,000 after acquiring an additional 20,968 shares during the period. King Luther Capital Management Corp increased its stake in Cullen/Frost Bankers by 1.5% during the 1st quarter. King Luther Capital Management Corp now owns 2,221,397 shares of the bank’s stock worth $215,631,000 after acquiring an additional 32,613 shares during the period. Principal Financial Group Inc. increased its stake in Cullen/Frost Bankers by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,334,680 shares of the bank’s stock worth $129,558,000 after acquiring an additional 42,887 shares during the period. Finally, Champlain Investment Partners LLC increased its stake in Cullen/Frost Bankers by 3.6% during the 1st quarter. Champlain Investment Partners LLC now owns 969,405 shares of the bank’s stock worth $94,100,000 after acquiring an additional 33,570 shares during the period. Institutional investors own 80.77% 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.

See Also: Quiet Period Expirations Explained

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

Receive News & Ratings for Cullen/Frost Bankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers and related companies with MarketBeat.com's FREE daily email newsletter.