In a report released yesterday, Peter Winter from Wedbush maintained a Sell rating on Cullen/Frost Bankers (CFR – Research Report), with a price target of $132.00. The company’s shares closed last Monday at $142.35, close to its 52-week high of $143.94.
According to TipRanks.com, Winter is a 4-star analyst with an average return of 9.9% and a 55.4% success rate. Winter 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 Moderate Sell, with a price target consensus of $139.00, representing a -2.1% downside. In a report issued on January 28, Wolfe Research also maintained a Sell rating on the stock with a $139.00 price target.
Cullen/Frost Bankers’ market cap is currently $9.11B and has a P/E ratio of 21.11.
Based on the recent corporate insider activity of 56 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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