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Cullen/Frost Bankers (CFR) Gets a Hold Rating from Jefferies

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Jefferies analyst Ken Usdin maintained a Hold rating on Cullen/Frost Bankers (CFRResearch Report) on April 29 and set a price target of $156.00. The company’s shares closed last Tuesday at $133.07.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 19.7% and a 65.0% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares.

Cullen/Frost Bankers has an analyst consensus of Hold, with a price target consensus of $152.09, a 15.2% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Hold rating on the stock with a $152.00 price target.

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Based on Cullen/Frost Bankers’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $350 million and net profit of $99.1 million. In comparison, last year the company earned revenue of $334 million and had a net profit of $116 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock.

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Cullen/Frost Bankers, Inc. operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services. It operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products; Consumer banking services 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, as well as group health and life insurance products and human resources consulting services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and brokerage services. The company was founded in 1868 and is headquartered in San Antonio, TX.

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