Maxim Group analyst Michael Diana reiterated a Buy rating on Cullen/Frost Bankers (CFR – Research Report) yesterday and set a price target of $180.00. The company’s shares closed yesterday at $155.21.
According to TipRanks, Diana is a 5-star analyst with an average return of 11.3% and a 47.39% success rate. Diana covers the Financial sector, focusing on stocks such as AGNC Investment, Ellington Financial, and Svb Financial Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cullen/Frost Bankers with a $158.00 average price target, a 1.80% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a $165.00 price target.
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Based on Cullen/Frost Bankers’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $386.14 million and a net profit of $119.11 million. In comparison, last year the company earned a revenue of $348.4 million and had a net profit of $118.07 million
Based on the recent corporate insider activity of 49 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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