Cullen/Frost Bankers (NYSE:CFR) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Cullen/Frost Bankers (NYSE:CFR) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $138.00 price target on the bank’s stock.

Other research analysts have also issued reports about the stock. Raymond James Financial dropped their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Barclays decreased their price target on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $134.00.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $125.90 on Wednesday. The company has a market cap of $8.10 billion, a P/E ratio of 13.55, a PEG ratio of 2.70 and a beta of 0.74. The company has a fifty day simple moving average of $130.77 and a 200 day simple moving average of $126.10. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $147.64. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $552.04 million. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

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

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in shares of Cullen/Frost Bankers by 16.8% during the 4th quarter. Cetera Investment Advisers now owns 6,846 shares of the bank’s stock valued at $919,000 after buying an additional 984 shares in the last quarter. Deutsche Bank AG raised its position in shares of Cullen/Frost Bankers by 418.9% during the 4th quarter. Deutsche Bank AG now owns 19,531 shares of the bank’s stock valued at $2,622,000 after buying an additional 15,767 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $204,000. Jefferies Financial Group Inc. purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $408,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $1,142,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.