Evercore ISI Sticks To Its Selling Note To Cullen / Frost Bankers By Investing.com


Evercore ISI analyst Rahul Patil maintained a sell rating on Cullen / Frost Bankers (NYSE 🙂 on Friday, setting a price target of $ 122, or about 5.79% below the current price of the share of $ 129.5.

Patil expects Cullen / Frost Bankers to post earnings per share (EPS) of $ 1.81 for the fourth quarter of 2021.

The current consensus between 4 TipRanks Analysts are for a Hold rating of Cullen / Frost Bankers shares, with an average price target of $ 131.25.
Analysts’ price targets range from a high of $ 140 to a low of $ 116.

In its latest earnings report, released 6/30/2021, the company reported quarterly revenue of $ 348.4 million and net income of $ 0. The company’s market capitalization is $ 8.24 billion.

According to TipRanks.com, Rahul Patil, Evercore ISI analyst is currently rated with 1 star on a 0 to 5 star rating scale, with an average return of -5.4% and a success rate of 50.00%.

Cullen / Frost Bankers, Inc. operates as the banking holding company of Frost Bank, which provides commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking , insurance, brokerage, leasing, asset lending, cash management and item processing services. It operates through the following segments: Banking and Frost Wealth Advisors. The banking industry includes both commercial and consumer banking and Frost Insurance Agency. Commercial banking services are provided to businesses and other commercial customers and include a wide variety of loan and cash management products; Consumer banking services include direct loan and deposit services; Frost Insurance Agency provides personal and commercial insurance brokerage services covering property and casualty insurance products to businesses and individuals, as well as group health and life insurance products and human resources consulting services. The Frost Wealth Advisors segment includes paid services within private trusts, retirement services and financial management services, including personal wealth management and brokerage services. The company was founded in 1868 and is headquartered in San Antonio, TX.

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