Cullen/Frost Bankers (NYSE:CFR) Upgraded to Sell by StockNews.com

Cullen/Frost Bankers (NYSE:CFR) was upgraded by StockNews.com to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on CFR. Evercore ISI boosted their price target on Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Morgan Stanley increased their price objective on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, DA Davidson restated a “buy” rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.46.

Cullen/Frost Bankers Price Performance

CFR opened at $105.93 on Friday. The company has a market capitalization of $6.81 billion, a P/E ratio of 12.52, a PEG ratio of 1.32 and a beta of 1.04. The company has a 50-day moving average of $108.94 and a 200-day moving average of $104.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers has a 1-year low of $82.25 and a 1-year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same period in the prior year, the business earned $2.70 earnings per share. Equities analysts expect that Cullen/Frost Bankers will post 8.43 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares in the company, valued at approximately $2,934,204.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. Corporate insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CFR. Vanguard Group Inc. boosted its position in shares of Cullen/Frost Bankers by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,412,843 shares of the bank’s stock valued at $695,729,000 after purchasing an additional 19,755 shares in the last quarter. FMR LLC boosted its holdings in Cullen/Frost Bankers by 6.3% during the third quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock worth $134,663,000 after buying an additional 88,042 shares in the last quarter. Principal Financial Group Inc. grew its position in Cullen/Frost Bankers by 1.6% in the first quarter. Principal Financial Group Inc. now owns 821,103 shares of the bank’s stock worth $92,432,000 after buying an additional 12,897 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Cullen/Frost Bankers by 44.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after buying an additional 244,197 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cullen/Frost Bankers by 20.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after acquiring an additional 131,726 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

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.