Cullen/Frost Bankers (CFR) is Initiated by Wedbush to Neutral, Price Target at $68

Cullen/Frost Bankers (CFR) was Initiated by Wedbush to “Neutral” and the brokerage firm has set the Price Target at $68. Wedbush advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Cullen/Frost Bankers. Company shares were Reiterated by Maxim Group on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $63 .

On the company’s financial health, Cullen/Frost Bankers reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.04.Analysts expectations of $ 310.33.During the same quarter in the previous year, the company posted $1.11 EPS.

Cullen/Frost Bankers opened for trading at $72.23 and hit $72.9312 on the upside on Tuesday, eventually ending the session at $71.75, with a gain of 0.10% or 0.07 points. The heightened volatility saw the trading volume jump to 3,93,011 shares. Company has a market cap of $4,456 M.

In a different news, on Sep 14, 2016, Candace K Wolfshohl (Group Executive Vice President) sold 4,500 shares at $69.88 per share price. According to the SEC, on Sep 7, 2016, Jack A Wood (director) sold 10,200 shares at $73.44 per share price. On Aug 16, 2016, Bobby Berman (Group Executive Vice President) sold 7,101 shares at $70.46 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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