Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $142.56

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $142.70.

A number of research firms have commented on CFR. Wedbush raised their target price on Cullen/Frost Bankers from $121.00 to $132.00 in a report on Friday, January 28th. Wolfe Research upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $157.00 to $171.00 in a report on Thursday, April 7th. Raymond James raised shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Wednesday, April 6th. Bank of America raised Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $144.00 price objective on the stock in a research report on Friday, April 8th. Finally, Zacks Investment Research raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research note on Wednesday, February 2nd.

Shares of NYSE:CFR traded up $2.49 during trading on Friday, hitting $140.30. 7,963 shares of the stock traded hands, compared to its average volume of 422,024. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.13 and a beta of 1.27. The company has a fifty day moving average price of $140.44 and a two-hundred day moving average price of $133.82. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 52-week low of $100.35 and a 52-week high of $147.39.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last posted its earnings results on Thursday, January 27th. The bank reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.20. The company had revenue of $349.76 million for the quarter, compared to the consensus estimate of $350.93 million. Cullen/Frost Bankers had a return on equity of 10.50% and a net margin of 31.75%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. On average, equities research analysts predict that Cullen/Frost Bankers will post 6.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were issued a dividend of $0.75 per share. The ex-dividend date was Friday, February 25th. This represents a $3.00 annualized dividend and a dividend yield of 2.14%. Cullen/Frost Bankers’s payout ratio is 44.38%.

In other news, insider Patrick B. Frost sold 6,601 shares of the stock in a transaction on Friday, February 4th. The shares were sold at an average price of $139.33, for a total value of $919,717.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.76% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in CFR. Orser Capital Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the first quarter valued at $931,000. Lawson Kroeker Investment Management Inc. NE increased its stake in shares of Cullen/Frost Bankers by 0.4% in the 1st quarter. Lawson Kroeker Investment Management Inc. NE now owns 54,333 shares of the bank’s stock valued at $7,520,000 after buying an additional 223 shares during the period. Beacon Financial Group raised its position in shares of Cullen/Frost Bankers by 2.5% during the first quarter. Beacon Financial Group now owns 7,565 shares of the bank’s stock worth $1,071,000 after acquiring an additional 186 shares during the last quarter. Telemus Capital LLC raised its position in shares of Cullen/Frost Bankers by 12.3% during the first quarter. Telemus Capital LLC now owns 7,417 shares of the bank’s stock worth $1,027,000 after acquiring an additional 811 shares during the last quarter. Finally, Martin Capital Partners LLC boosted its stake in shares of Cullen/Frost Bankers by 3.4% in the 1st quarter. Martin Capital Partners LLC now owns 33,889 shares of the bank’s stock valued at $4,691,000 after purchasing an additional 1,128 shares during the last quarter. 82.72% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers (Get Rating)

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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