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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $142.6667.

Several brokerages recently issued reports on CFR. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Citigroup raised their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Cantor Fitzgerald lifted their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada upped their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently modified their holdings of CFR. Dimensional Fund Advisors LP increased its stake in shares of Cullen/Frost Bankers by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,293,964 shares of the bank’s stock worth $163,862,000 after acquiring an additional 106,558 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after acquiring an additional 10,246 shares in the last quarter. Bank of America Corp DE boosted its stake in Cullen/Frost Bankers by 8.5% during the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after acquiring an additional 88,080 shares in the last quarter. Northern Trust Corp grew its holdings in Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after purchasing an additional 21,793 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in Cullen/Frost Bankers by 11.9% in the third quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock worth $116,734,000 after purchasing an additional 97,955 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $133.73 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $138.91 and its 200 day simple moving average is $131.07. The stock has a market cap of $8.42 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 5.01 and a beta of 0.63. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $578.05 million. During the same period in the prior year, the business earned $2.36 EPS. As a group, research analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is presently 40.32%.

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.