November 30, 2016 - By Winifred Garcia
New York: In an analyst note issued to investors and clients on Wednesday morning, Wedbush reaffirmed their Underperform rating on shares of Cullen Frost (NYSE:CFR). They currently have a $80 price target on the company. Wedbush’s target means a potential downside of -0.67% from the company’s last stock price.
Out of 9 analysts covering CullenFrost (NYSE:CFR), 0 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 0 are positive. $78 is the highest target while $6 is the lowest. The $56 average target is -30.47% below today’s ($80.54) stock price. CullenFrost has been the topic of 30 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Cullen Frost Bankers, Inc. (NYSE:CFR) rating on Thursday, October 27. RBC Capital Markets has “Sector Perform” rating and $75 price target. The company was initiated on Thursday, August 20 by Sterne Agee CRT. The company was initiated on Friday, October 7 by Wedbush. On Thursday, October 27 the stock rating was upgraded by Macquarie Research to “Neutral”. Macquarie Research maintained it with “Underperform” rating and $43 target price in Thursday, January 21 report. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) has “Neutral” rating given on Tuesday, June 7 by Compass Point. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) earned “Sector Perform” rating by RBC Capital Markets on Thursday, April 28. The rating was downgraded by Wedbush on Thursday, November 17 to “Underperform”. The company was maintained on Thursday, January 21 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, February 24 by Deutsche Bank.
The stock decreased 0.37% or $0.3 during the last trading session, hitting $80.54. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 28.99% since April 27, 2016 and is uptrending. It has outperformed by 23.76% the S&P500.
Analysts await Cullen Frost Bankers, Inc. (NYSE:CFR) to report earnings on January, 25. They expect $1.22 earnings per share, up 35.56% or $0.32 from last year’s $0.9 per share. CFR’s profit will be $74.83 million for 16.50 P/E if the $1.22 EPS becomes a reality. After $1.24 actual earnings per share reported by Cullen Frost Bankers, Inc. for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.32, from 0.98 in 2016Q1. The ratio increased, as 28 funds sold all Cullen Frost Bankers, Inc. shares owned while 90 reduced positions. 25 funds bought stakes while 91 increased positions. They now own 52.07 million shares or 4.27% less from 54.39 million shares in 2016Q1.
Principal Financial Group Inc holds 0.05% or 553,143 shares in its portfolio. Us National Bank De holds 0% or 10,135 shares in its portfolio. Deprince Race & Zollo holds 0.66% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 514,645 shares. Morgan Stanley holds 145,174 shares or 0% of its portfolio. Nuveen Asset Management Limited Liability Company has invested 0.01% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR). Capstone Asset Mngmt Co holds 0.07% or 34,040 shares in its portfolio. Cubist Systematic Strategies Ltd Liability Com has 3,921 shares for 0.01% of their US portfolio. Analytic Ltd Com has invested 0.13% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR). Weaver C Barksdale & Associate Incorporated has 0.01% invested in the company for 70 shares. The Missouri-based Confluence Investment Mgmt has invested 0.21% in Cullen Frost Bankers, Inc. (NYSE:CFR). Advsr Asset Mgmt Inc, a Colorado-based fund reported 14,015 shares. Wedge Capital L L P Nc has invested 1.36% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR). Royal Financial Bank Of Canada last reported 0% of its portfolio in the stock. Bank Of America De last reported 0.01% of its portfolio in the stock. First Dallas Securities owns 7,850 shares or 0.39% of their US portfolio.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 20 selling transactions for $48.44 million net activity. Another trade for 4,500 shares valued at $314,460 was sold by Wolfshohl Candace K. Wood Jack A had sold 75,000 shares worth $5.68 million on Thursday, October 27. Another trade for 10,500 shares valued at $711,165 was sold by FROST PATRICK B. Bracher Paul sold $976,690 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) on Friday, October 28. The insider Berman Bobby sold 7,101 shares worth $500,336. 3,476 shares were sold by Olivier Paul, worth $233,831 on Monday, June 6. Another trade for 13,500 shares valued at $937,170 was made by GREEN PHILLIP D on Thursday, July 28.
Cullen/Frost Bankers, Inc. is a financial holding and bank holding company. The company has a market cap of $4.94 billion. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. It has a 18.79 P/E ratio. It serves various industries, such as energy, manufacturing, services, construction and retail.
According to Zacks Investment Research, “Cullen/Frost Bankers Inc. is a financial holding company. Frost Bank operates financial centers across Texas in Arlington, Austin, Boerne, Corpus Christi, Dallas, Fort Worth, Galveston, Houston, McAllen, New Braunfels, San Antonio and San Marcos. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services. (Company Press Release)”
Cullen/Frost Bankers, Inc., incorporated on January 25, 1966, is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. The Firm operates through two divisions: Banking and Frost Wealth Advisors. It serves various industries, which include energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. The Company’s Banking segment includes both commercial and consumer banking services, Frost Insurance Agency and Frost Securities. The Banking segment offers commercial banking services, including lending and cash management products to firms and other business clients. The Banking segment’s commercial banking services also include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property, and casualty products. Frost Insurance Agency also offers group health and life insurance products, and human resources consulting services. The Company’s Frost Wealth Advisors segment includes fee services within private trust, retirement services and financial management services, including personal wealth management and securities brokerage services.
More news for Cullen Frost Bankers, Inc. (NYSE:CFR) were recently published by: Bizjournals.com, which released: “A glimpse inside Frost Bank’s Dodd-Frank Act stress test results for 2016” on November 14, 2016. Nasdaq.com‘s article titled: “Cullen/Frost Bankers, Inc. (CFR) Ex-Dividend Date Scheduled for November 28, 2016” and published on November 25, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.