Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $145.08

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $148.7273.

Several equities research analysts recently commented on CFR shares. DA Davidson upped their price target on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Cantor Fitzgerald upped their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth approximately $26,000. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth approximately $28,000. Covestor Ltd lifted its position in 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. Blue Trust Inc. lifted its position in 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. Finally, Community Bank N.A. purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.5%

Shares of NYSE:CFR opened at $139.04 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $8.73 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.58. Cullen/Frost Bankers has a 52 week low of $119.00 and a 52 week high of $148.97. The firm has a 50 day simple moving average of $138.40 and a 200 day simple moving average of $134.94.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the firm earned $2.30 EPS. As a group, research analysts expect that Cullen/Frost Bankers will post 10.41 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s payout ratio is currently 38.95%.

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.