Cullen/Frost Bankers, Inc. (NYSE:CFR) Given Average Recommendation of “Reduce” by Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFRGet Free Report) has received a consensus rating of “Reduce” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $115.77.

A number of analysts have weighed in on CFR shares. Evercore ISI raised their target price on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a research report on Thursday, March 28th. Truist Financial increased their target price on Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a “hold” rating in a research report on Monday. DA Davidson restated a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Finally, Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th.

Read Our Latest Research Report on Cullen/Frost Bankers

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $112.03 on Tuesday. The company has a 50 day moving average of $107.42 and a 200-day moving average of $101.41. The company has a market cap of $7.19 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 1-year low of $82.25 and a 1-year high of $120.31.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The company had revenue of $523.66 million during the quarter, compared to analysts’ expectations of $498.09 million. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. As a group, equities research analysts forecast that Cullen/Frost Bankers will post 8.47 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.92 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.68 annualized dividend and a yield of 3.28%. Cullen/Frost Bankers’s payout ratio is currently 40.44%.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently bought and sold shares of CFR. Lazard Asset Management LLC bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $26,000. Macquarie Group Ltd. purchased a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth $36,000. NBC Securities Inc. purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth about $27,000. Finally, Covestor Ltd boosted its holdings in shares of Cullen/Frost Bankers by 80.7% in the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock worth $43,000 after buying an additional 138 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

(Get Free Report

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.

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

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