Cullen/Frost Bankers (CFR) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 63

Cullen/Frost Bankers (CFR) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $54 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.

On the company’s financial health, Cullen/Frost Bankers reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.05.Analysts expectations of $ 311.83.During the same quarter in the previous year, the company posted $1.10 EPS.

Cullen/Frost Bankers opened for trading at $61.75 and hit $63.66 on the upside on Wednesday, eventually ending the session at $62.44, with a gain of 0.14% or 0.09 points. The heightened volatility saw the trading volume jump to 10,48,427 shares. Company has a market cap of $3,870 M.

In a different news, on Mar 15, 2016, Candace K Wolfshohl (Group Executive Vice President) purchased 777 shares at $57.58 per share price. According to the SEC, on Feb 8, 2016, Richard W Jr Evans (CEO) purchased 40,000 shares at $48.93 per share price. On Feb 8, 2016, Chris Avery (director) purchased 5,000 shares at $48.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Cullen/Frost Bankers Inc. (Cullen/Frost) is a financial holding and a bank holding company. The Company through its subsidiaries offers commercial and consumer banking services trust and investment management mutual funds investment banking insurance brokerage leasing treasury management and item processing services. The Company serves industries including energy manufacturing services construction retail telecommunications healthcare military and transportation among others. The Company operates in two segments: Banking and Frost Wealth Advisors. The Banking segment includes commercial and consumer banking services Frost Securities Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients. Consumer banking services include direct lending and depository services. The Frost Wealth Advisors segment includes fee-based services within private trust retirement services and financial management services.

Cullen/Frost Bankers

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