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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the company, reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $138.80.

A number of research firms recently weighed in on CFR. Wolfe Research dropped their price target on Cullen/Frost Bankers from $161.00 to $132.00 and set an “outperform” rating for the company in a report on Thursday. Wedbush raised their target price on Cullen/Frost Bankers from $121.00 to $132.00 in a research note on Friday, January 28th. Bank of America upgraded shares of 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. Zacks Investment Research raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Wednesday, February 2nd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $162.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, April 29th.

In other Cullen/Frost Bankers news, Director Chris Avery purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average cost of $131.55 per share, with a total value of $657,750.00. Following the completion of the purchase, the director now directly owns 17,000 shares in the company, valued at approximately $2,236,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.76% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in CFR. UMB Bank N A MO bought a new position in Cullen/Frost Bankers during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of Cullen/Frost Bankers in the 1st quarter valued at $27,000. Holloway Wealth Management LLC bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at $28,000. Finally, Steward Financial Group LLC acquired a new stake in Cullen/Frost Bankers during the 4th quarter worth $37,000. 81.69% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CFR opened at $125.53 on Friday. The company’s fifty day moving average is $133.96 and its 200-day moving average is $134.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers has a 52 week low of $100.35 and a 52 week high of $147.39. The company has a market capitalization of $8.05 billion, a PE ratio of 19.31, a P/E/G ratio of 1.66 and a beta of 1.22.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last released its quarterly earnings results on Thursday, April 28th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.02. Cullen/Frost Bankers had a net margin of 30.15% and a return on equity of 10.40%. The firm had revenue of $373.58 million for the quarter, compared to analyst estimates of $364.93 million. During the same period in the previous year, the business earned $1.77 earnings per share. On average, analysts forecast that Cullen/Frost Bankers will post 7.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, May 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) 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.

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

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