.png "Cullen/Frost Bankers (NYSE: CFR)")
In a report released today, Ken Zerbe from Morgan Stanley maintained a Sell rating on Cullen/Frost Bankers (CFR), with a price target of $99. The company’s shares closed yesterday at $93.27, close to its 52-week low of $90.02.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 9.9% and a 60.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and People’s United Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Cullen/Frost Bankers with a $105.72 average price target.
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Based on Cullen/Frost Bankers’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $117 million. In comparison, last year the company had a net profit of $92.66 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
