Cullen/Frost Bankers (CFR) Receives a Hold from RBC Capital
RBC Capital analyst Jon Arfstrom maintained a Hold rating on Cullen/Frost Bankers (CFR – Research Report) on July 13 and set a price target of $142.00. The companys shares closed last Thursday at $116.18.
According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.1% and a 53.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.
Cullen/Frost Bankers has an analyst consensus of Moderate Buy, with a price target consensus of $141.64, implying a 23.7% upside from current levels. In a report issued on July 13, Compass Point also upgraded the stock to Hold with a $128.00 price target.
See the top stocks recommended by analysts >> The company has a one-year high of $147.39 and a one-year low of $100.35. Currently, Cullen/Frost Bankers has an average volume of 363.3K. Based on the recent corporate insider activity of 41 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. 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. Read More on CFR:
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