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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given an average recommendation of “Reduce” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $133.7143.

A number of research analysts have weighed in on the company. Raymond James Financial reduced their target price on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Stephens upped their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Barclays reduced their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Jefferies Financial Group assumed coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 target price on the stock. Finally, Royal Bank Of Canada reduced their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors have recently added to or reduced their stakes in CFR. Bayforest Capital Ltd bought a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $241,000. State of Alaska Department of Revenue raised its stake in shares of Cullen/Frost Bankers by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank’s stock valued at $942,000 after acquiring an additional 210 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Cullen/Frost Bankers by 55.9% during the first quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank’s stock valued at $2,264,000 after acquiring an additional 6,484 shares in the last quarter. Norden Group LLC bought a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $214,000. Finally, UMB Bank n.a. raised its stake in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.7%

Shares of CFR stock opened at $126.28 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $130.24 and a two-hundred day moving average price of $127.74. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $147.64. The firm has a market cap of $8.12 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.70.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. The company had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same quarter in the previous year, the company posted $2.21 EPS. Equities analysts anticipate that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.06%.

Cullen/Frost Bankers Company Profile

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.