Cullen/Frost Bankers (CFR) has been under a strong bear grip, hence the stock is down -1.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.06% in the past 1 week. The stock has risen by 2.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.28% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.08% and the 50-Day Moving Average is 2.97%.The 200 Day SMA reached 19.46%
Cullen/Frost Bankers (NYSE:CFR): After opening at $69.9, the stock dipped to an intraday low of $69.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $72.32 and the buying power remained strong till the end. The stock closed at $71.94 for the day, a gain of 3.32% for the day session. The total traded volume was 687,902. The stocks close on the previous trading day was $71.94.
Cullen/Frost Bankers (CFR) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $85 and the lowest price target forecast is $48. The average forecast of all the analysts is $67.58 and the expected standard deviation is $8.43.
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.