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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $140.9167.

Several research firms recently weighed in on CFR. DA Davidson boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Barclays lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th.

Cullen/Frost Bankers Price Performance

CFR opened at $143.69 on Friday. The firm has a market capitalization of $9.19 billion, a P/E ratio of 14.49, a PEG ratio of 5.24 and a beta of 0.65. The stock has a fifty day moving average of $132.60 and a 200-day moving average of $128.63. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $145.53.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.The company had revenue of $562.58 million for the quarter, compared to the consensus estimate of $578.05 million. During the same quarter in the prior year, the company earned $2.36 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given 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 is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

Insiders Place Their Bets

In related news, 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 transaction of $88,900.00. Following the sale, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,700 shares of company stock valued at $225,970. Insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Dakota State Investment Board bought a new position in Cullen/Frost Bankers during the 4th quarter valued at about $265,000. Northwestern Mutual Wealth Management Co. grew its stake in Cullen/Frost Bankers by 16,676.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock worth $44,760,000 after buying an additional 351,363 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Cullen/Frost Bankers by 976.7% during the fourth quarter. Bessemer Group Inc. now owns 186,738 shares of the bank’s stock worth $23,647,000 after buying an additional 169,395 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth approximately $432,000. Finally, NewEdge Wealth LLC bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $204,000. 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.