KBW analyst Catherine Mealor maintained a Hold rating on Cullen/Frost Bankers (CFR – Research Report) yesterday and set a price target of $118.00. The company’s shares closed yesterday at $110.73.
According to TipRanks, Mealor is a 5-star analyst with an average return of 11.9% and a 61.35% success rate. Mealor covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares, Southern States Bancshares, and Cadence Bank.
Cullen/Frost Bankers has an analyst consensus of Hold, with a price target consensus of $117.80, a 6.38% upside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $115.00 price target.
The company has a one-year high of $117.05 and a one-year low of $80.79. Currently, Cullen/Frost Bankers has an average volume of 424.3K.
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 (CFR) Company Description:
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.
