Cullen/Frost Bankers (CFR) Gets a Sell Rating from Morgan Stanley

By Austin Angelo

Morgan Stanley analyst Ken Zerbe maintained a Sell rating on Cullen/Frost Bankers (CFRResearch Report) today and set a price target of $92.00. The company’s shares closed last Monday at $83.78, close to its 52-week low of $79.86.

According to, Zerbe is a 3-star analyst with an average return of 2.1% and a 48.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Commerce Bancshares Inc, and Valley National Bancorp.

Cullen/Frost Bankers has an analyst consensus of Hold, with a price target consensus of $96.42.

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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 $117 million.

Based on the recent corporate insider activity of 23 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.

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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.