Citigroup Issues Positive Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price objective raised by Citigroup from $114.00 to $125.00 in a research note released on Monday morning,Benzinga reports. They currently have a sell rating on the bank’s stock.

CFR has been the topic of several other research reports. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a research note on Monday. DA Davidson increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday. Barclays upped their target price on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.92.

Cullen/Frost Bankers Stock Up 1.0%

Shares of CFR stock opened at $139.24 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers has a one year low of $100.31 and a one year high of $145.53. The company’s fifty day moving average price is $131.56 and its 200-day moving average price is $128.41. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.69 and a beta of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.During the same quarter in the prior year, the business posted $2.36 EPS. Sell-side analysts expect that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction dated 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 transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,700 shares of company stock worth $225,970. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several large investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in Cullen/Frost Bankers in the third quarter worth $26,000. Advisory Services Network LLC purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at $28,000. GoalVest Advisory LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth about $28,000. Blue Trust Inc. boosted its stake in shares of Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during 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.