A number of firms have modified their ratings and price targets on shares of Cullen/Frost Bankers (NYSE: CFR) recently:

  • 10/30/2017 – Cullen/Frost Bankers had its price target raised by analysts at J P Morgan Chase & Co from $88.00 to $91.00. They now have a “neutral” rating on the stock.
  • 10/30/2017 – Cullen/Frost Bankers had its price target raised by analysts at Barclays PLC from $97.00 to $106.00. They now have an “equal weight” rating on the stock.
  • 10/29/2017 – Cullen/Frost Bankers had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $115.00 price target on the stock.
  • 10/27/2017 – Cullen/Frost Bankers was upgraded by analysts at Citigroup Inc. to a “market perform” rating.
  • 10/27/2017 – Cullen/Frost Bankers was upgraded by analysts at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating.
  • 10/27/2017 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have underperformed the industry over the last six months. However, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. The company’s earnings surpassed the Zacks Consensus Estimate on high revenues. Increase in loans and deposits reflected organic growth. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 10/27/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.
  • 10/26/2017 – Cullen/Frost Bankers had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $110.00 price target on the stock.
  • 10/17/2017 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Cullen/Frost have underperformed the industry over the last six months. Estimates have declined lately ahead of the company’s Q3 earnings release. However, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 10/11/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $103.00 price target on the stock.
  • 10/10/2017 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry year to date. This performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 10/6/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $96.50 price target on the stock.
  • 9/29/2017 – Cullen/Frost Bankers had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $95.00 price target on the stock.
  • 9/22/2017 – Cullen/Frost Bankers was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/20/2017 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 9/13/2017 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 9/7/2017 – Cullen/Frost Bankers was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of Cullen/Frost Bankers, Inc. (NYSE CFR) traded down $0.06 on Monday, reaching $97.80. The company had a trading volume of 356,324 shares, compared to its average volume of 427,584. The company has a market capitalization of $6,181.28, a P/E ratio of 18.60, a PEG ratio of 1.93 and a beta of 1.35. Cullen/Frost Bankers, Inc. has a 12 month low of $72.96 and a 12 month high of $103.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. The company had revenue of $300.83 million during the quarter, compared to the consensus estimate of $329.62 million. Cullen/Frost Bankers had a return on equity of 11.64% and a net margin of 28.86%. During the same period last year, the company earned $1.24 earnings per share. sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 5.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. Cullen/Frost Bankers’s dividend payout ratio is presently 43.35%.

In related news, insider Bobby Berman sold 41,760 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $100.53, for a total value of $4,198,132.80. Following the completion of the sale, the insider now directly owns 38,596 shares in the company, valued at $3,880,055.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.15% of the stock is owned by company insiders.

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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