Cullen / Frost Bankers – Consensus points to potential 1.6% hike
Cullen / Frost Bankers with the ticker code (CFR) now have 13 analysts covering the stock with the consensus suggesting an “Underperform” rating. The range between the high target price and the low target price is between 157 and 108, with the average target price being at 128.15. With the stock’s previous close at 126.07, that would imply a potential rise of 1.6%. The 50-day moving average now stands at 130.19 while the 200-day moving average is 118.7. The company has a market capitalization of $ 8,215 million. Visit the company’s website at: https://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 corporate 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, secure deposit 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 for 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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