Cullen/Frost Bankers (CFR) Receives a Hold from Stephens

By Carrie Williams

Stephens analyst Matt Olney reiterated a Hold rating on Cullen/Frost Bankers (CFRResearch Report) today and set a price target of $86.00. The company’s shares closed last Monday at $94.81.

According to, Olney is a 3-star analyst with an average return of 0.7% and a 52.7% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Spirit Of Texas Bancshares, and Business First Bancshares.

The word on The Street in general, suggests a Hold analyst consensus rating for Cullen/Frost Bankers with a $92.83 average price target, a -1.7% downside from current levels. In a report issued on November 1, Piper Jaffray also maintained a Hold rating on the stock with a $91.00 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 $117 million.

Based on the recent corporate insider activity of 27 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.