SunTrust Robinson Humphrey Maintains Cullen/Frost Bankers to Neutral with Price Target $73.00

Brokerage firm SunTrust Robinson Humphrey 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 $73.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 28, 2016, Barclays said it Maintains its rating on Cullen/Frost Bankers. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Cullen/Frost Bankers. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Keefe Bruyette & Woods said it Maintains its rating on Cullen/Frost Bankers. In the research note, the firm Raises the price-target to $57.00 per share. The shares have been rated ‘Market Perform’ by the firm. 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) shares turned negative on Mondays trading session with the shares closing down -0.17 points or -0.24% at a volume of 3,37,464. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70.9. The peak price level was also seen at $70.9 while the days lowest was $69.97. Finally the shares closed at $70.09. The 52-week high of the shares is $73.99 while the 52-week low is $42.41. According to the latest information available, the market cap of the company is $4,353 M.

Cullen/Frost Bankers has also declared a cash dividend of $0.5400 on Jul 28, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed on Aug 31, 2016. The dividend payable date has been fixed on Sep 15, 2016.

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 Jul 29, 2016, Phillip D Green (Chairman and CEO) sold 13,500 shares at $69.42 per share price.Also, On Jul 29, 2016, Richard Kardys (Wealth Advisor Sr. Officer) sold 25,500 shares at $69.54 per share price.On Jun 8, 2016, Paul Olivier (Group Executive Vice President) sold 3,476 shares at $67.27 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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