Maxim Group Maintains a Buy Rating on Cullen/Frost Bankers (CFR)

By Jason Carr

In a report released today, Michael Diana from Maxim Group maintained a Buy rating on Cullen/Frost Bankers (CFRResearch Report), with a price target of $105. The company’s shares opened today at $93.99.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 7.1% and a 61.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

Currently, the analyst consensus on Cullen/Frost Bankers is a Hold with an average price target of $95.30.

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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 $111 million.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.

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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.