Notable Price Action: Is Cullen Frost Bankers, Inc. a Buy? The Stock Reaches 52-Week High Today

Notable Price Action: Is Cullen Frost Bankers, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) hit a new 52-week high and has $133.17 target or 57.00% above today’s $84.82 share price. The 8 months bullish chart indicates low risk for the $5.40 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $133.17 price target is reached, the company will be worth $3.08B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 172,606 shares traded hands. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 51.33% since April 12, 2016 and is uptrending. It has outperformed by 46.34% the S&P500.

Cullen Frost Bankers, Inc. (NYSE:CFR) Ratings Coverage

Out of 9 analysts covering CullenFrost (NYSE:CFR), 0 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 0 are positive. CullenFrost has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, January 13. The firm has “Underperform” rating given on Wednesday, January 13 by Macquarie Research. The company was initiated on Friday, October 7 by Wedbush. The company was maintained on Thursday, October 27 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, July 30. The firm earned “Sector Perform” rating on Thursday, January 21 by RBC Capital Markets. The rating was maintained by Macquarie Research with “Underperform” on Thursday, January 21. The firm earned “Sell” rating on Friday, September 11 by Evercore. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The stock of Cullen Frost Bankers, Inc. (NYSE:CFR) has “Neutral” rating given on Thursday, October 27 by Macquarie Research.

According to Zacks Investment Research, “Cullen/Frost Bankers Inc. is a financial holding company. Frost Bank operates financial centers across Texas in Arlington, Austin, Boerne, Corpus Christi, Dallas, Fort Worth, Galveston, Houston, McAllen, New Braunfels, San Antonio and San Marcos. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products and investment banking services. (Company Press Release)”

Insitutional Activity: The institutional sentiment is 0.98 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 28 funds sold all Cullen Frost Bankers, Inc. shares owned while 90 reduced positions. only 25 funds bought stakes while 91 increased positions. They now own 52.07 million shares or 4.27% less from 54.39 million shares in 2016Q1.
First Dallas Inc has 0.39% invested in the company for 7,850 shares. Invesco Limited, a Georgia-based fund reported 3.27 million shares. Whittier Tru last reported 0% of its portfolio in the stock. King Luther Cap Mgmt owns 2.30M shares or 1.43% of their US portfolio. Manufacturers Life Insur The has 0.06% invested in the company for 651,090 shares. Texas Permanent School Fund last reported 0.04% of its portfolio in the stock. Cardinal Capital Management accumulated 0.11% or 4,358 shares. Somerset Company holds 0.28% or 7,158 shares in its portfolio. Oppenheimer & last reported 0.02% of its portfolio in the stock. Tributary Cap Ltd Liability Co last reported 0.6% of its portfolio in the stock. Nuance Investments Ltd has 0.15% invested in the company for 22,768 shares. Bnp Paribas Invest Ptnrs Sa last reported 8,220 shares in the company. Old Mutual Customised Solutions (Proprietary) Limited holds 2,700 shares or 0.04% of its portfolio. Blackrock Invest Ltd Llc has 185,301 shares for 0.01% of their US portfolio. Nomura Asset Company Ltd reported 1,250 shares or 0% of all its holdings.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 15 selling transactions for $24.34 million net activity. Wood Jack A had sold 10,000 shares worth $726,660 on Monday, August 29. $1.77 million worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares were sold by Kardys Richard. FROST PATRICK B also sold $711,165 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares. Bracher Paul also sold $976,690 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares. Another trade for 4,500 shares valued at $314,460 was made by Wolfshohl Candace K on Monday, September 12. 9,000 shares were sold by Berman Bobby, worth $631,350 on Monday, August 8. $937,170 worth of Cullen Frost Bankers, Inc. (NYSE:CFR) shares were sold by GREEN PHILLIP D.

More news for Cullen Frost Bankers, Inc. (NYSE:CFR) were recently published by: Nasdaq.com, which released: “Cullen/Frost Bankers’ Preferred Stock, Series A Crosses Above 5.5% Yield Territory” on November 11, 2016. Bizjournals.com‘s article titled: “Frost Bank’s profit rebounds in Q3 amid slightly higher oil prices” and published on October 26, 2016 is yet another important article.

CFR Company Profile

Cullen/Frost Bankers, Inc., incorporated on January 25, 1966, is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. The Firm operates through two divisions: Banking and Frost Wealth Advisors. It serves various industries, which include energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. The Company’s Banking segment includes both commercial and consumer banking services, Frost Insurance Agency and Frost Securities. The Banking segment offers commercial banking services, including lending and cash management products to firms and other business clients. The Banking segment’s commercial banking services also 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. Frost Insurance Agency also offers group health and life insurance products, and human resources consulting services. The Company’s Frost Wealth Advisors segment includes fee services within private trust, retirement services and financial management services, including personal wealth management and securities brokerage services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment