Cullen/Frost Bankers, Inc. (NYSE:CFR) Earns Hold Rating from Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in a report issued on Friday, October 6th. They currently have a $96.50 price objective on the bank’s stock.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised Cullen/Frost Bankers from a hold rating to a buy rating and set a $107.00 price objective for the company in a research note on Friday, July 7th. Morgan Stanley reissued an equal weight rating and set a $93.00 price target (up from $90.00) on shares of Cullen/Frost Bankers in a research note on Thursday, July 6th. BidaskClub lowered Cullen/Frost Bankers from a hold rating to a sell rating in a research note on Tuesday, June 27th. Barclays PLC set a $97.00 price target on Cullen/Frost Bankers and gave the company a hold rating in a research note on Sunday, July 30th. Finally, ValuEngine lowered Cullen/Frost Bankers from a buy rating to a hold rating in a research note on Thursday, September 7th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $97.50.

Cullen/Frost Bankers (NYSE CFR) opened at 97.23 on Friday. The firm has a market cap of $6.24 billion, a P/E ratio of 19.15 and a beta of 1.35. Cullen/Frost Bankers has a 52 week low of $71.27 and a 52 week high of $99.20. The firm’s 50-day moving average price is $91.24 and its 200 day moving average price is $91.74.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.29. The firm had revenue of $295.87 million during the quarter, compared to analyst estimates of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. During the same quarter in the prior year, the company posted $1.11 earnings per share. Equities analysts forecast that Cullen/Frost Bankers will post $5.23 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cullen/Frost Bankers, Inc. (NYSE:CFR) Earns Hold Rating from Piper Jaffray Companies” was originally reported by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://baseballnewssource.com/markets/cullenfrost-bankers-inc-cfr-rating-reiterated-by-piper-jaffray-companies/1703258.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Cullen/Frost Bankers by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,460,000 shares of the bank’s stock valued at $512,749,000 after acquiring an additional 103,634 shares in the last quarter. BlackRock Inc. boosted its position in shares of Cullen/Frost Bankers by 3.9% in the 2nd quarter. BlackRock Inc. now owns 4,879,258 shares of the bank’s stock worth $458,211,000 after purchasing an additional 183,302 shares in the last quarter. FMR LLC boosted its position in shares of Cullen/Frost Bankers by 2.0% in the 2nd quarter. FMR LLC now owns 4,090,392 shares of the bank’s stock worth $384,130,000 after purchasing an additional 80,709 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Cullen/Frost Bankers by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,046,915 shares of the bank’s stock worth $192,225,000 after purchasing an additional 95,236 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Cullen/Frost Bankers by 177.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,830,898 shares of the bank’s stock worth $171,940,000 after purchasing an additional 1,171,078 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

About Cullen/Frost Bankers

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.

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

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

 


Latest News

Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell
Washington Nationals Sans Strasburg for Game 4 at Wrigley
Washington Nationals Sans Strasburg for Game 4 at Wrigley


Leave a Reply

 
© 2006-2017 BBNS.