Compass Point Initiates Coverage on Cullen/Frost Bankers to Neutral

Compass Point Initiates Coverage on Cullen/Frost Bankers(NYSE:CFR). The shares have been rated Neutral. The rating by Compass Point was issued on Jun 7, 2016.

In a different note, On Apr 5, 2016, JP Morgan said it Maintains its rating on Cullen/Frost Bankers. In the research note, the firm Lowers the price-target to $58.00 per share. The shares have been rated ‘Underweight’ by the firm.

Cullen/Frost Bankers (CFR) shares turned negative on Fridays trading session with the shares closing down -1.22 points or -1.84% at a volume of 6,58,059. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.42. The peak price level was also seen at $66.42 while the days lowest was $64.635. Finally the shares closed at $65.22. The 52-week high of the shares is $80.23 while the 52-week low is $42.41. According to the latest information available, the market cap of the company is $4,043 M.

Cullen/Frost Bankers(CFR) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $325.32M. Analysts had an estimated revenue of $294.83M. Earnings per share were $1.07. Analysts had estimated an EPS of $1.04.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Candace K Wolfshohl (Group Executive Vice President) purchased 777 shares at $57.58 per share price.Also, On Feb 8, 2016, Richard W Jr Evans (CEO) purchased 40,000 shares at $48.93 per share price.On Feb 8, 2016, Chris Avery (director) purchased 5,000 shares at $48.51 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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