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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $135.7273.

Several analysts recently commented on CFR shares. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Thursday, September 25th. Citigroup raised their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Royal Bank Of Canada boosted their price target on Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Keefe, Bruyette & Woods raised shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th.

Cullen/Frost Bankers Stock Down 1.0%

Shares of Cullen/Frost Bankers stock opened at $135.74 on Monday. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $146.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $126.77 and its 200 day moving average is $128.04. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.68 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The business had revenue of $567.27 million during the quarter, compared to the consensus estimate of $565.54 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same quarter in the previous year, the firm posted $2.24 EPS. Research analysts anticipate that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 41.15%.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the sale, the executive vice president directly owned 3,795 shares in the company, valued at $481,965. This represents a 15.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.89% of the stock is currently owned by insiders.

Institutional Trading of Cullen/Frost Bankers

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in shares of Cullen/Frost Bankers by 137.9% in the fourth quarter. SG Americas Securities LLC now owns 44,453 shares of the bank’s stock worth $5,629,000 after buying an additional 25,767 shares during the period. Diversified Trust Co. increased its holdings in Cullen/Frost Bankers by 0.5% in the 4th quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after acquiring an additional 74 shares in the last quarter. Marshall Financial Group LLC bought a new stake in Cullen/Frost Bankers during the 4th quarter worth approximately $1,142,000. Fulton Bank N.A. lifted its holdings in Cullen/Frost Bankers by 2.6% during the fourth quarter. Fulton Bank N.A. now owns 6,013 shares of the bank’s stock valued at $761,000 after purchasing an additional 151 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Cullen/Frost Bankers by 14.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,323 shares of the bank’s stock valued at $1,664,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.