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

Cullen/Frost Bankers (NYSE:CFR) had its price target raised by Cantor Fitzgerald from $141.00 to $152.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Cullen/Frost Bankers from $136.00 to $143.00 and gave the stock an “underweight” rating in a research report on Monday. Citigroup lifted their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Royal Bank Of Canada increased their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. Finally, Barclays upped their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $142.67.

Cullen/Frost Bankers Stock Up 0.4%

Shares of Cullen/Frost Bankers stock opened at $140.82 on Tuesday. The firm has a market cap of $8.90 billion, a PE ratio of 14.20, a P/E/G ratio of 5.15 and a beta of 0.63. The business’s 50 day simple moving average is $138.45 and its 200 day simple moving average is $130.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. The company had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same period last year, the business earned $2.36 EPS. On average, analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share 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. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 3,795 shares in the company, valued at $481,965. The trade was a 15.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,700 shares of company stock valued at $225,970. Insiders own 1.20% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in Cullen/Frost Bankers by 61.6% in the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cullen/Frost Bankers by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after acquiring an additional 15,063 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Cullen/Frost Bankers by 8.0% during the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock worth $139,000 after purchasing an additional 80 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Cullen/Frost Bankers by 8.2% during the second quarter. Teacher Retirement System of Texas now owns 15,616 shares of the bank’s stock worth $2,007,000 after purchasing an additional 1,184 shares during the period. Institutional investors and hedge funds 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.