Cullen/Frost Bankers (NYSE:CFR) Reaches New 1-Year High - Time to Buy?

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $135.00 and last traded at $131.08, with a volume of 6726 shares traded. The stock had previously closed at $130.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI dropped their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating on the stock in a report on Wednesday, October 2nd. DA Davidson raised their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Jefferies Financial Group lowered their price target on Cullen/Frost Bankers from $117.00 to $108.00 and set a "hold" rating for the company in a report on Wednesday, July 3rd. Truist Financial cut their price objective on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Finally, Stephens upped their target price on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $121.31.

Cullen/Frost Bankers Trading Down 2.4 %

The company has a fifty day moving average of $114.96 and a two-hundred day moving average of $108.74. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.56 and a beta of 1.00.

Institutional Trading of Cullen/Frost Bankers

Large investors have recently modified their holdings of the business. Asset Dedication LLC increased its position in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after buying an additional 105 shares in the last quarter. Whittier Trust Co. increased its position in 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 purchasing an additional 186 shares in the last quarter. Allworth Financial LP increased its position in Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank's stock worth $50,000 after purchasing an additional 239 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Cullen/Frost Bankers in the 2nd quarter valued at about $54,000. Finally, Eagle Bay Advisors LLC lifted its holdings in Cullen/Frost Bankers by 1,625.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 742 shares of the bank's stock valued at $75,000 after purchasing an additional 699 shares in the last quarter. 86.90% of the stock is currently 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.