The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) hit a new 52-week high and has $125.09 target or 60.00% above today’s $78.18 share price. The 9 months bullish chart indicates low risk for the $4.85B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $125.09 price target is reached, the company will be worth $2.91 billion 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 221,177 shares traded hands. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 44.96% since April 7, 2016 and is uptrending. It has outperformed by 40.18% the S&P500.
Cullen Frost Bankers, Inc. (NYSE:CFR) Ratings Coverage
Out of 9 analysts covering CullenFrost (NYSE:CFR), 0 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 0 are positive. $75 is the highest target while $6 is the lowest. The $55.09 average target is -29.53% below today’s ($78.18) stock price. CullenFrost has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Friday, September 11 by Evercore. The firm has “Underperform” rating by Macquarie Research given on Thursday, January 21. RBC Capital Markets maintained Cullen Frost Bankers, Inc. (NYSE:CFR) rating on Thursday, April 28. RBC Capital Markets has “Sector Perform” rating and $63 price target. On Thursday, January 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, October 27. The company was downgraded on Wednesday, January 13 by Macquarie Research. Compass Point initiated Cullen Frost Bankers, Inc. (NYSE:CFR) on Tuesday, June 7 with “Neutral” rating. As per Thursday, June 9, the company rating was upgraded by Evercore. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) earned “Underweight” rating by Barclays Capital on Wednesday, January 13. RBC Capital Markets maintained it with “Sector Perform” rating and $54 target price in Thursday, January 28 report.
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 has no 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.
Argent has 34,480 shares for 0.68% of their US portfolio. Rockefeller Fincl accumulated 0.01% or 4,971 shares. Alpine Woods Capital Invsts Lc, a New York-based fund reported 11,700 shares. New York State Teachers Retirement System accumulated 0.01% or 83,417 shares. Teachers Advisors holds 0.01% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 96,770 shares. Lord Abbett & Ltd Liability Corporation holds 0.06% or 279,452 shares in its portfolio. Winfield holds 0% or 40 shares in its portfolio. Raymond James Service Advsr holds 0.01% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 12,217 shares. Raymond James Associates has 0.02% invested in the company for 79,745 shares. State Board Of Administration Of Florida Retirement Systems reported 60,456 shares or 0.01% of all its holdings. Jcsd Cap Limited Co accumulated 50,000 shares or 3.5% of the stock. Sunbelt Securities owns 110 shares or 0% of their US portfolio. Buckingham Asset last reported 0.72% of its portfolio in the stock. Boston Advisors Ltd holds 0.01% or 6,200 shares in its portfolio. Parametric Portfolio Associate Ltd accumulated 264,381 shares or 0.03% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 14 insider sales for $21.34 million net activity. Wolfshohl Candace K had sold 4,500 shares worth $314,460 on Monday, September 12. 75,000 shares were sold by Wood Jack A, worth $5.68 million. $976,690 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) was sold by Bracher Paul. Another trade for 7,101 shares valued at $500,336 was sold by Berman Bobby. GREEN PHILLIP D also sold $937,170 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares. On Monday, June 6 Olivier Paul sold $233,831 worth of the stock or 3,476 shares. Kardys Richard also sold $1.77M worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares.
Another recent and important Cullen Frost Bankers, Inc. (NYSE:CFR) news was published by Bizjournals.com which published an article titled: “Frost Bank’s profit rebounds in Q3 amid slightly higher oil prices” on October 26, 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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