Cullen/Frost Bankers (CFR) : Traders are bullish on Cullen/Frost Bankers (CFR) as it has outperformed the S&P 500 by a wide margin of 7.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.49% in the last 1 week, and is up 10.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cullen/Frost Bankers (NYSE:CFR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.19 and $67.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.26, notching a gain of 4.43% for the day. The total traded volume was 498,909 . The stock had closed at $67.28 on the previous day.
The stock has recorded a 20-day Moving Average of 3.71% and the 50-Day Moving Average is 7.1%. Cullen/Frost Bankers, Inc. is up 17.98% in the last 3-month period. Year-to-Date the stock performance stands at 19.35%.
Cullen/Frost Bankers (CFR) : Average target price received by Cullen/Frost Bankers (CFR) is $66.43 with an expected standard deviation of $8.37. The most aggressive target on the stock is $85, whereas the most downbeat target is $48. 15 financial analysts are currently covering the stock.
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.