Cullen / Frost Bankers – Consensus indicates downside potential of -3.8%
Cullen / Frost Bankers found using ticker (CFR) now have 12 analysts covering the stock. Analysts’ consensus points to a rating of “Underperformance”. The target price is between 144 and 96, with the average target price being 113.58. Given that the previous close of shares was at 118.12, this would imply a potential drop of -3.8%. The 50-day moving average now stands at 113.71 while the 200-day moving average is 113.83. The company has a market capitalization of $ 7,791 million. Company website: http://www.frostbank.com
Cullen / Frost Bankers is Frost Bank’s banking holding company that provides commercial and personal banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The Company provides commercial banking services to businesses and other commercial clients, including financing of industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventory and accounts receivable, and acquisitions; commercial leasing; and cash management services. It also provides banking services to consumers, such as checking accounts, savings programs, automated teller machines (ABMs), overdraft facilities, home and installment loans, home equity loans and margin lines. credit, car and overnight deposit services, safes facilities and brokerage services. In addition, the company offers international banking services including deposits, loans, letters of credit, foreign collections, funds and foreign exchange services. In addition, he acts as a correspondent for around 176 financial institutions; provides trust, investment, agency and custody services to individuals and businesses; provides capital market services which include the sale and trading, underwriting of new issues, dealing in the money market, advice, custody and clearing of securities; and supports international business activities. In addition, the company offers insurance and securities brokerage services; holds securities for investment purposes; and provides loans to qualified borrowers, as well as investment management services to mutual funds, institutions and individuals managed by Frost. It operates around 155 financial centers and 1,200 ATMs. The company serves the energy, manufacturing, service, construction, retail, telecommunications, healthcare, military and transportation industries. Cullen / Frost Bankers was founded in 1868 and is headquartered in San Antonio, Texas.
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