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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $117.92.

Several research analysts have commented on CFR shares. JPMorgan Chase & Co. boosted their price objective on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Morgan Stanley boosted their price objective on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Compass Point downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Truist Financial upped their price target on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $118.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th.

Cullen/Frost Bankers Stock Down 3.3 %

NYSE CFR opened at $107.05 on Friday. 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. The company has a 50 day moving average of $109.20 and a 200-day moving average of $103.71. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.45 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. During the same period in the prior year, the business earned $2.70 earnings per share. On average, equities research analysts expect that Cullen/Frost Bankers will post 8.49 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, May 30th. This represents a $3.68 dividend on an annualized basis and a yield of 3.44%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.44%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction dated Thursday, March 14th. The shares were 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 owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul Bracher sold 9,820 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at $10,543,972. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. WCM Investment Management LLC boosted its holdings in Cullen/Frost Bankers by 6.9% in the 1st quarter. WCM Investment Management LLC now owns 2,581 shares of the bank’s stock valued at $291,000 after purchasing an additional 167 shares during the period. Keene & Associates Inc. raised its position in shares of Cullen/Frost Bankers by 5.6% during the 1st quarter. Keene & Associates Inc. now owns 6,156 shares of the bank’s stock valued at $693,000 after buying an additional 327 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Cullen/Frost Bankers by 2.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock valued at $2,083,000 after buying an additional 500 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Cullen/Frost Bankers by 22.5% during the 1st quarter. Fifth Third Bancorp now owns 49,516 shares of the bank’s stock valued at $5,574,000 after buying an additional 9,081 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Cullen/Frost Bankers by 172.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,413 shares of the bank’s stock valued at $3,198,000 after buying an additional 17,993 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

About Cullen/Frost Bankers

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.