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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average rating of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $136.75.

CFR has been the topic of several research reports. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, November 17th. Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Citigroup lifted their price target on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in Cullen/Frost Bankers in the third quarter valued at about $26,000. GoalVest Advisory LLC acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth about $28,000. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. increased its stake in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after acquiring an additional 264 shares during the last quarter. Finally, Community Bank N.A. acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $35,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $123.68 on Friday. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year 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. The firm’s 50 day moving average is $124.78 and its 200-day moving average is $127.73. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.94 and a beta of 0.74.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.29. The firm had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter in the previous year, the company posted $2.24 EPS. Sell-side analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 28th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers’s payout ratio is presently 41.15%.

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.