The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) hit a new 52-week high and has $104.69 target or 40.00% above today’s $74.78 share price. The 6 months bullish chart indicates low risk for the $4.73 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $104.69 price target is reached, the company will be worth $1.89B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 195,227 shares traded hands. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 30.47% since March 16, 2016 and is uptrending. It has outperformed by 24.93% the S&P500.
Analysts await Cullen Frost Bankers, Inc. (NYSE:CFR) to report earnings on October, 26. They expect $1.15 earnings per share, down 1.71% or $0.02 from last year’s $1.17 per share. CFR’s profit will be $72.74 million for 16.26 P/E if the $1.15 EPS becomes a reality. After $1.11 actual earnings per share reported by Cullen Frost Bankers, Inc. for the previous quarter, Wall Street now forecasts 3.60% EPS growth.
Cullen Frost Bankers, Inc. (NYSE:CFR) Ratings Coverage
Out of 9 analysts covering CullenFrost (NYSE:CFR), 0 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 0 are positive. CullenFrost has been the topic of 27 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Sector Perform” rating and $60 target price in Thursday, January 21 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, July 30 report. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, January 13. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. The firm has “Underperform” rating given on Wednesday, January 13 by Macquarie Research. Evercore downgraded the shares of CFR in a report on Friday, September 11 to “Sell” rating. As per Wednesday, February 24, the company rating was maintained by Deutsche Bank. Sterne Agee CRT initiated Cullen Frost Bankers, Inc. (NYSE:CFR) on Thursday, August 20 with “Neutral” rating. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating by Evercore given on Thursday, June 9.
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)”
Insitutional Activity: The institutional sentiment is 0.98 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 28 funds sold all Cullen Frost Bankers, Inc. shares owned while 90 reduced positions. only 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.
Azimuth Cap Mngmt Ltd Llc accumulated 0.04% or 7,175 shares. The North Carolina-based Cardinal Cap Management has invested 0.11% in Cullen Frost Bankers, Inc. (NYSE:CFR). State Of Tennessee Treasury Department, a Tennessee-based fund reported 38,800 shares. Wells Fargo Mn accumulated 234,244 shares or 0.01% of the stock. Diversified Tru Com has 4,850 shares for 0.04% of their US portfolio. Cullen Frost Bankers holds 0.59% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 248,854 shares. Champlain Investment Prtn Limited Co, a Us-based fund reported 904,070 shares. Dreman Value Mngmt L L C has 3,743 shares for 0.15% of their US portfolio. Blackrock holds 58,760 shares or 0% of its portfolio. First Merchants has 6,142 shares for 0.13% of their US portfolio. Rafferty Asset Management Ltd Liability Company accumulated 0.03% or 6,009 shares. First Niagara Savings Bank holds 0.28% or 15,330 shares in its portfolio. Ls Advisors Limited Liability Corp owns 3,267 shares or 0.01% of their US portfolio. Edge Asset Management owns 763,286 shares or 0.43% of their US portfolio. Texas Permanent School Fund has invested 0.04% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR).
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 10 selling transactions for $6.72 million net activity. Another trade for 4,500 shares valued at $314,460 was made by Wolfshohl Candace K on Monday, September 12. $146,282 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) was sold by Wood Jack A on Wednesday, August 31. The insider GREEN PHILLIP D sold 13,500 shares worth $937,170. Berman Bobby also sold $500,336 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares. Olivier Paul sold 3,476 shares worth $233,831. Another trade for 25,500 shares valued at $1.77 million was sold by Kardys Richard. FROST PATRICK B sold 10,500 shares worth $711,165.
Another recent and important Cullen Frost Bankers, Inc. (NYSE:CFR) news was published by Prnewswire.com which published an article titled: “Cullen/Frost Bankers, Inc. Hosts Third Quarter 2016 Earnings Conference Call” on October 13, 2016.
CFR Company Profile
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.
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