Barclays Maintains Cullen/Frost Bankers to Underweight with Price Target $72.00

Brokerage firm Barclays Maintains its rating on Cullen/Frost Bankers(NYSE:CFR). In a research note issued to the investors, the brokerage major Raises the price-target to $72.00 per share. The shares have been rated Underweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, On Jul 7, 2016, JP Morgan said it Maintains its rating on Cullen/Frost Bankers. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 9, 2016, Evercore ISI Group said it Upgrades its rating on Cullen/Frost Bankers. The shares have been rated ‘Hold’ by the firm. Compass Point said it Initiates Coverage on Cullen/Frost Bankers, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Neutral’ by the firm.

Cullen/Frost Bankers (CFR) made into the market gainers list on Thursdays trading session with the shares advancing 0.55% or 0.37 points. Due to strong positive momentum, the stock ended at $67.28, which is also near the day’s high of $67.58. The stock began the session at $66.66 and the volume stood at 3,76,734 shares. The 52-week high of the shares is $73.99 and the 52 week low is $42.41. The company has a current market capitalization of $4,179 M and it has 6,21,07,408 shares in outstanding.

Cullen/Frost Bankers(CFR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $308.18M. Analysts had an estimated revenue of $297.03M. Earnings per share were $1.11. Analysts had estimated an EPS of $1.04.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Paul Olivier (Group Executive Vice President) sold 3,476 shares at $67.27 per share price.Also, On Mar 15, 2016, Candace K Wolfshohl (Group Executive Vice President) purchased 777 shares at $57.58 per share price.On Feb 8, 2016, Richard W Jr Evans (CEO) purchased 40,000 shares at $48.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Cullen/Frost Bankers Inc. (Cullen/Frost) is a financial holding and a bank holding company. The Company through its subsidiaries offers commercial and consumer banking services trust and investment management mutual funds investment banking insurance brokerage leasing treasury management and item processing services. The Company serves industries including energy manufacturing services construction retail telecommunications healthcare military and transportation among others. The Company operates in two segments: Banking and Frost Wealth Advisors. The Banking segment includes commercial and consumer banking services Frost Securities Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients. Consumer banking services include direct lending and depository services. The Frost Wealth Advisors segment includes fee-based services within private trust retirement services and financial management services.

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