Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $148.73 Consensus Target Price from Brokerages

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

Several analysts have issued reports on CFR shares. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Morgan Stanley dropped their price objective on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Barclays upped their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $145.80 on Thursday. The stock has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $137.25. Cullen/Frost Bankers has a 52-week low of $119.00 and a 52-week high of $148.97. 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 firm has a market capitalization of $9.16 billion, a PE ratio of 14.20, a P/E/G ratio of 3.69 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The business had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.29 million. During the same quarter in the previous year, the company posted $2.30 earnings per share. Analysts forecast that Cullen/Frost Bankers will post 10.53 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in CFR. Norges Bank bought a new position in shares of Cullen/Frost Bankers in the fourth quarter worth about $92,904,000. Two Sigma Investments LP boosted its stake in shares of Cullen/Frost Bankers by 2,024.4% in the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock worth $47,409,000 after acquiring an additional 356,373 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cullen/Frost Bankers by 16,676.0% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cullen/Frost Bankers by 18.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after buying an additional 236,808 shares in the last quarter. Finally, Fiera Capital Corp purchased a new stake in shares of Cullen/Frost Bankers in the third quarter worth about $29,769,000. 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.