In yesterday’s Wall Street session, Cullen Frost Bankers Inc. (NYSE:CFR) shares traded at $98.03, up 0.84% from the previous session.
CFR stock price is now -6.71% away from the 50-day moving average and -3.88% away from the 200-day moving average. The market capitalization of the company currently stands at $6.30B.
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On January 03, 2024, Evercore ISI Downgraded its previous ‘In-line’ rating to ‘Underperform’ on the stock increasing its target price from $98 to quote $111, while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Berman Bobby, GEVP Research & Strategy sold 1,312 shares of the company’s stock on Mar 14 ’24. The stock was sold for $138,403 at an average price of $105.49. Upon completion of the transaction, the GEVP Research & Strategy now directly owns 27,815 shares in the company, valued at $2.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, President of CFR Bracher Paul sold 9,820 shares of the business’s stock. A total of $1,074,308 was realized by selling the stock at an average price of $109.40. This leaves the insider owning 96,380 shares of the company worth $9.45 million. A total of 7.33% of the company’s stock is owned by insiders.
During the past 12 months, Cullen Frost Bankers Inc. has had a low of $82.25 and a high of $120.31. According to the stock market information, the enterprise value for the company is $2461089024, which is based on a 11.61 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for CFR is $104.798 and a two-hundred day moving average price translates $102.00105 for the stock.
The latest earnings results from Cullen Frost Bankers Inc. (NYSE: CFR) was released for 2024-03-31. The net profit margin was 20.17% and return on equity was 15.48% for CFR. The company reported revenue of $585.5 million for the quarter, compared to $535.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.4 percent.
