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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) have earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $148.45.

A number of brokerages have recently issued reports on CFR. Wolfe Research lowered Cullen/Frost Bankers from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, November 2nd. Compass Point upgraded shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Monday, August 15th. Truist Financial increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 in a report on Monday, October 31st. StockNews.com upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Finally, Stephens lifted their price objective on Cullen/Frost Bankers from $149.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th.

Cullen/Frost Bankers Stock Up 0.8 %

CFR opened at $145.11 on Friday. The company has a market cap of $9.33 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.77 and a beta of 1.14. Cullen/Frost Bankers has a twelve month low of $112.67 and a twelve month high of $160.60. The company has a 50-day moving average price of $143.94 and a 200 day moving average price of $132.15. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.08.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, November 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 46.71%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,941 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $151.62, for a total value of $294,294.42. Following the transaction, the executive vice president now owns 24,589 shares of the company’s stock, valued at $3,728,184.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.76% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of Cullen/Frost Bankers by 39.1% in the first quarter. Capital Research Global Investors now owns 2,408,656 shares of the bank’s stock valued at $333,382,000 after buying an additional 676,467 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Cullen/Frost Bankers by 237.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 728,408 shares of the bank’s stock valued at $96,310,000 after acquiring an additional 512,856 shares in the last quarter. State Street Corp increased its stake in Cullen/Frost Bankers by 11.0% during the third quarter. State Street Corp now owns 4,224,699 shares of the bank’s stock worth $558,590,000 after purchasing an additional 419,766 shares during the period. BlackRock Inc. lifted its position in shares of Cullen/Frost Bankers by 7.3% during the third quarter. BlackRock Inc. now owns 5,412,497 shares of the bank’s stock worth $715,641,000 after purchasing an additional 368,866 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cullen/Frost Bankers by 3.9% in the third quarter. Vanguard Group Inc. now owns 6,252,456 shares of the bank’s stock valued at $826,700,000 after purchasing an additional 234,639 shares during the period. Hedge funds and other institutional investors own 78.85% of the company’s stock.

Cullen/Frost Bankers Company Profile

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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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