Cullen Frost Bankers Inc. (NYSE: CFR) is 20.26% higher on its value in year-to-date trading and has touched a low of $88.86 and a high of $133.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CFR stock was last observed hovering at around $129.79 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $130.47, the stock is 7.44% and 13.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 0.52% at the moment leaves the stock 20.25% off its SMA200. CFR registered 42.81% gain for a year compared to 6-month gain of 23.91%. The firm has a 50-day simple moving average (SMA 50) of $114.8808 and a 200-day simple moving average (SMA200) of $108.4987.
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The stock witnessed a 20.83% loss in the last 1 month and extending the period to 3 months gives it a 15.83%, and is 4.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 2.45% over the month.
Cullen Frost Bankers Inc. (CFR) has around 5495 employees, a market worth around $8.35B and $2.76B in sales. Current P/E ratio is 15.93 and Fwd P/E is 15.58. Profit margin for the company is 19.11%. Distance from 52-week low is 46.83% and -1.92% from its 52-week high. The company has generated returns on investments over the last 12 months (12.53%).
Cullen Frost Bankers Inc. quarterly earnings per share for the current quarter are estimated at 2.17 with sales reaching $523.64M over the same period.The EPS is expected to shrink by -5.82% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.
523.0 institutions hold shares in Cullen Frost Bankers Inc. (CFR), with institutional investors hold 93.29% of the company’s shares. The shares outstanding are 64.19M, and float is at 59.36M with Short Float at 5.83%. Institutions hold 85.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.35 million shares valued at $645.15 million. The investor’s holdings represent 9.8854 of the CFR Shares outstanding. As of 2024-06-30, the second largest holder is ARISTOTLE CAPITAL MANAGEMENT, LLC with 5.98 million shares valued at $607.44 million to account for 9.3076 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.8 million shares representing 9.0277 and valued at over $589.17 million, while STATE STREET CORP holds 5.432 of the shares totaling 3.49 million with a market value of $354.51 million.
Cullen Frost Bankers Inc. (CFR) Insider Activity
The most recent transaction is an insider sale by Kasanoff Howard L., the company’s GEVP Chief Credit Officer. SEC filings show that Kasanoff Howard L. sold 3,000 shares of the company’s common stock on Jul 31 ’24 at a price of $119.20 per share for a total of $0.36 million. Following the sale, the insider now owns 1598.0 shares.
Still, SEC filings show that on Jul 26 ’24, Wolfshohl Candace K (GEVP Culture/PeopleDevelopment) disposed off 5,000 shares at an average price of $119.65 for $0.6 million. The insider now directly holds 18,753 shares of Cullen Frost Bankers Inc. (CFR).
