Cullen/Frost Bankers (NYSE:CFR) Price Target Lowered to $133.00 at Morgan Stanley

Cullen/Frost Bankers (NYSE:CFR) had its price target cut by Morgan Stanley from $143.00 to $133.00 in a report released on Tuesday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

Several other research firms have also recently issued reports on CFR. Cantor Fitzgerald boosted their target price on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. 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 report on Friday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $141.83.

Cullen/Frost Bankers Stock Up 1.3%

Shares of NYSE:CFR opened at $137.02 on Tuesday. Cullen/Frost Bankers has a fifty-two week low of $100.31 and a fifty-two week high of $148.97. 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 50-day simple moving average is $138.84 and its 200-day simple moving average is $131.25. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 4.97 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. The firm had revenue of $1.05 billion 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 in the prior year, the company posted $2.36 earnings per share. As a group, equities research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the business’s 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 sale, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Root Financial Partners LLC acquired a new stake in Cullen/Frost Bankers in the third quarter valued at $26,000. GoalVest Advisory LLC acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $28,000. Advisory Services Network LLC acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $28,000. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after buying an additional 184 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.