Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Cullen/Frost Bankers (NYSE:CFR) Stock

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) had its target price increased by analysts at Keefe, Bruyette & Woods from $140.00 to $148.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 4.95% from the company's current price.

A number of other brokerages have also weighed in on CFR. Compass Point raised their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their price objective for the company from $138.00 to $143.00 in a research note on Monday. Citigroup increased their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research note on Monday, November 4th. Finally, Stephens raised their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus target price of $130.31.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded up $0.74 during trading hours on Monday, hitting $141.03. 226,155 shares of the company traded hands, compared to its average volume of 456,123. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.69 and a beta of 0.99. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $137.57 and a 200 day moving average of $125.49. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. On average, analysts forecast that Cullen/Frost Bankers will post 8.66 EPS for the current year.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, CEO Phillip D. Green sold 14,358 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the transaction, the chief executive officer now directly owns 94,423 shares of the company's stock, valued at $13,026,597.08. The trade was a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,858 shares of company stock worth $4,137,865. Insiders own 2.89% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CFR. Covestor Ltd increased its holdings in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after purchasing an additional 141 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $29,000. Asset Dedication LLC lifted its position in shares of Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.