Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Rating of “Hold” from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $142.70.

A number of research firms have recently issued reports on CFR. Wedbush increased their price target on Cullen/Frost Bankers from $121.00 to $132.00 in a research report on Friday, January 28th. Raymond James raised Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock 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 target on the stock in a research report on Friday, April 8th. Maxim Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday. Finally, Wolfe Research raised Cullen/Frost Bankers from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $157.00 to $171.00 in a research report on Thursday, April 7th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CFR. UMB Bank N A MO purchased a new position in shares of Cullen/Frost Bankers in the fourth quarter worth about $25,000. Clearstead Advisors LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter worth about $27,000. Holloway Wealth Management LLC purchased a new position in shares of Cullen/Frost Bankers in the first quarter worth about $28,000. Meeder Asset Management Inc. raised its stake in shares of Cullen/Frost Bankers by 83.2% in the third quarter. Meeder Asset Management Inc. now owns 251 shares of the bank’s stock worth $30,000 after purchasing an additional 114 shares during the last quarter. Finally, Steward Financial Group LLC purchased a new position in shares of Cullen/Frost Bankers in the fourth quarter worth about $37,000. 81.69% of the stock is owned by institutional investors and hedge funds.

CFR stock opened at $131.86 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $139.06 and its two-hundred day simple moving average is $135.48. Cullen/Frost Bankers has a twelve month low of $100.35 and a twelve month high of $147.39. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.95 and a beta of 1.27.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The bank reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. Cullen/Frost Bankers had a return on equity of 10.03% and a net margin of 31.75%. During the same quarter in the prior year, the business posted $1.77 EPS. Research analysts expect that Cullen/Frost Bankers will post 7.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, May 27th. Cullen/Frost Bankers’s dividend payout ratio is presently 46.15%.

Cullen/Frost Bankers Company Profile (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.

Further Reading

Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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