Tags: frost | bank | parent | harvey | losses

Barron's: Frost Bank Parent to Rebound From Harvey Losses

Barron's: Frost Bank Parent to Rebound From Harvey Losses
(Dollar Photo Club)

Monday, 18 September 2017 07:09 AM EDT

Cullen/Frost Bankers Inc., the parent of San Antonio, Texas-based Frost Bank, is a bargain investment due to a share price discount in the wake of Hurricane Harvey, Barron’s reported on Sunday.

Investors are betting the company will have difficulty weathering weak energy prices and the effects of the hurricane, according to Barron's. However, Barron’s said the shares will have prudent long-term growth.

The company’s conservative capital allocation and strong loan underwriting have boosted its longevity, Barron’s said.

Its shares rose 1.2 percent to $89.10 on Friday and have ranged from $67.86 to $99.20 over the last 52 weeks.

© 2026 Thomson/Reuters. All rights reserved.


Companies
Investors are betting the company will have difficulty weathering weak energy prices and the effects of the hurricane, according to Barron‘s. However, Barron’s said the shares will have prudent long-term growth.
frost, bank, parent, harvey, losses
99
2017-09-18
Monday, 18 September 2017 07:09 AM
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