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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $137.6154.

CFR has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on Cullen/Frost Bankers in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price objective on the stock. Evercore ISI lifted their price target on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, October 8th.

Institutional Trading of Cullen/Frost Bankers

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Cullen/Frost Bankers in the second quarter valued at $90,484,000. Impax Asset Management Group plc grew its position in Cullen/Frost Bankers by 350.8% in the first quarter. Impax Asset Management Group plc now owns 518,387 shares of the bank’s stock valued at $64,359,000 after acquiring an additional 403,387 shares during the period. Goldman Sachs Group Inc. grew its position in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after acquiring an additional 230,993 shares during the period. Nuveen LLC bought a new stake in Cullen/Frost Bankers in the first quarter valued at $12,885,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Cullen/Frost Bankers by 3,892.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after acquiring an additional 97,854 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 1.6%

Shares of Cullen/Frost Bankers stock opened at $123.26 on Wednesday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $147.64. The stock has a 50-day simple moving average of $127.01 and a 200-day simple moving average of $126.79.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly 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. The business had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.During the same period in the previous year, the company earned $2.21 EPS. On average, equities research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 29th. 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.