.jpg "Cullen/Frost Bankers (NYSE: CFR)")
In a report released today, Ken Zerbe from Morgan Stanley maintained a Hold rating on Cullen/Frost Bankers (NYSE: CFR), with a price target of $115. The company’s shares closed yesterday at $107.71.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 12.8% and a 65.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Prosperity Bancshares, and Associated Banc-Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Cullen/Frost Bankers with a $121 average 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 net profit of $111 million. In comparison, last year the company had a net profit of $85.12 million.
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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.
