Citi analyst Ben Gerlinger maintains $Cullen/Frost Bankers (CFR.US)$ with a sell rating, and adjusts the target price from $93 to $104.
According to TipRanks data, the analyst has a success rate of 72.4% and a total average return of 17.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cullen/Frost Bankers (CFR.US)$'s main analysts recently are as follows:
Rate reductions are currently underway, with the expectation of an additional 150 basis points in cuts by mid-2025 as anticipated by economists. While forecasting the trajectory for net interest margins (NIM) can present challenges, a swift pace of rate reductions generally bodes well for NIM within mid-sized banks, though the impact is less clear for larger banks.
Refreshed models for Cullen/Frost ahead of the Q3 report indicate earnings estimates that are below consensus for 2024 and 2025. This perspective is based on an anticipated rise in expenses and constrained net interest margin growth in a potentially lower interest rate climate.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
