Price Action To Observe: A Reversal for Cullen Frost Bankers, Inc. Is Not Near. The Stock Reaches Record High Today

Price Action To Observe: A Reversal for Cullen Frost Bankers, Inc. Is Not Near. The Stock Reaches Record High Today

The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) reached all time high today, Nov, 10 and still has $133.70 target or 62.00% above today’s $82.53 share price. This indicates more upside for the $5.47B company. This technical setup was reported by Barchart.com. If the $133.70 PT is reached, the company will be worth $3.39B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 155,194 shares traded hands. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 50.21% since April 8, 2016 and is uptrending. It has outperformed by 44.56% 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. CullenFrost has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Macquarie Research maintained Cullen Frost Bankers, Inc. (NYSE:CFR) on Thursday, January 21 with “Underperform” rating. As per Tuesday, June 7, the company rating was initiated by Compass Point. Evercore downgraded the stock to “Sell” rating in Friday, September 11 report. The company was initiated on Friday, October 7 by Wedbush. On Wednesday, January 13 the stock rating was downgraded by Barclays Capital to “Underweight”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 28. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) has “Neutral” rating given on Thursday, October 27 by Macquarie Research. RBC Capital Markets maintained it with “Sector Perform” rating and $74 target price in Thursday, July 30 report. RBC Capital Markets maintained Cullen Frost Bankers, Inc. (NYSE:CFR) on Thursday, January 21 with “Sector Perform” rating. Deutsche Bank maintained Cullen Frost Bankers, Inc. (NYSE:CFR) on Wednesday, February 24 with “Hold” rating.

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.
Rowland Invest Counsel Adv reported 51,317 shares or 0% of all its holdings. Blackrock has 141,307 shares for 0.01% of their US portfolio. Sg Americas Secs Llc has 16,344 shares for 0.01% of their US portfolio. Palisade Management Nj has 0.28% invested in the company for 122,750 shares. Independent Portfolio Consultants has invested 0.11% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR). National Bank Of America De last reported 0.01% of its portfolio in the stock. Moreover, Bb&T Lc has 0.05% invested in Cullen Frost Bankers, Inc. (NYSE:CFR) for 51,063 shares. Tiaa Cref Inv holds 200,051 shares or 0.01% of its portfolio. King Luther Mngmt holds 1.43% or 2.30M shares in its portfolio. State Treasurer State Of Michigan holds 21,900 shares or 0.01% of its portfolio. State Of Wisconsin Inv Board accumulated 0.01% or 34,574 shares. California Pub Employees Retirement holds 166,821 shares or 0.02% of its portfolio. Bnp Paribas Prns has invested 0% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR). National Bank owns 46,323 shares or 0.05% of their US portfolio. Northern Tru holds 494,096 shares or 0.01% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 15 insider sales for $24.34 million net activity. Bracher Paul also sold $976,690 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares. 13,500 Cullen Frost Bankers, Inc. (NYSE:CFR) shares with value of $937,170 were sold by GREEN PHILLIP D. Another trade for 36,000 shares valued at $2.69 million was sold by Wood Jack A. Kardys Richard sold 25,500 shares worth $1.77M. $711,165 worth of shares were sold by FROST PATRICK B on Monday, August 1. Berman Bobby had sold 9,000 shares worth $631,350. Olivier Paul sold $233,831 worth of stock or 3,476 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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