Cullen/Frost Bankers (NYSE:CFR) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of Cullen/Frost Bankers (NYSE:CFR) to a sell rating in a report published on Saturday.

A number of other research analysts have also recently issued reports on CFR. DA Davidson restated a buy rating and set a $126.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Jefferies Financial Group raised their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a hold rating in a research note on Monday, April 8th. Wedbush reiterated a neutral rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a report on Friday, April 26th. Truist Financial decreased their price objective on Cullen/Frost Bankers from $121.00 to $115.00 and set a hold rating for the company in a research report on Monday, April 29th. Finally, Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $117.46.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $106.11 on Friday. Cullen/Frost Bankers has a 1-year low of $82.25 and a 1-year high of $120.31. The company has a 50 day moving average of $108.84 and a 200-day moving average of $104.70. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.32 and a beta of 1.04.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period last year, the firm posted $2.70 EPS. On average, equities analysts forecast that Cullen/Frost Bankers will post 8.43 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, May 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.50%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares in the company, valued at $10,543,972. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently made changes to their positions in CFR. Vanguard Group Inc. boosted its position in Cullen/Frost Bankers by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,412,843 shares of the bank’s stock worth $695,729,000 after purchasing an additional 19,755 shares during the period. FMR LLC grew its holdings in Cullen/Frost Bankers by 6.3% during the 3rd quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock valued at $134,663,000 after buying an additional 88,042 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Cullen/Frost Bankers by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 821,103 shares of the bank’s stock worth $92,432,000 after purchasing an additional 12,897 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Cullen/Frost Bankers by 44.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after purchasing an additional 244,197 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Cullen/Frost Bankers by 20.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after purchasing an additional 131,726 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.