Cullen/Frost Bankers (NYSE:CFR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Cullen/Frost Bankers, Inc. (NYSE:CFR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $128.39 and traded as high as $143.87. Cullen/Frost Bankers shares last traded at $143.5270, with a volume of 638,697 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. Citigroup boosted their price objective on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research report on Friday, October 31st. Barclays decreased their target price on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. 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 report on Friday, October 10th. Finally, TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $135.73.

Cullen/Frost Bankers Price Performance

The company has a market capitalization of $9.18 billion, a PE ratio of 14.77, a PEG ratio of 2.72 and a beta of 0.63. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $129.02 and its 200-day moving average price is $128.39.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.The firm had revenue of $567.27 million for the quarter, compared to analysts’ expectations of $565.54 million. During the same quarter last year, the firm earned $2.24 earnings per share. On average, sell-side analysts forecast that Cullen/Frost Bankers, Inc. 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, December 15th. Stockholders of record on Friday, November 28th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 28th. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.89% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in CFR. Champlain Investment Partners LLC boosted its position in Cullen/Frost Bankers by 1.0% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,734,222 shares of the bank’s stock worth $222,917,000 after purchasing an additional 16,771 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Cullen/Frost Bankers by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock worth $150,529,000 after purchasing an additional 77,028 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Cullen/Frost Bankers by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,154,566 shares of the bank’s stock worth $149,558,000 after buying an additional 9,332 shares during the period. Bank of America Corp DE boosted its position in shares of Cullen/Frost Bankers by 8.5% in the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after buying an additional 88,080 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock valued at $122,437,000 after buying an additional 21,793 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.