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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $127.07.

Several research analysts have weighed in on the company. Stephens upped their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Evercore ISI dropped their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Finally, Maxim Group lifted their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.91. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now owns 2,888 shares in the company, valued at $399,525.92. This represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,864 shares of company stock valued at $2,977,033 over the last three months. 3.00% of the stock is owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

A number of large investors have recently modified their holdings of CFR. Allspring Global Investments Holdings LLC lifted its stake in Cullen/Frost Bankers by 7.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the bank’s stock worth $150,000 after acquiring an additional 97 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cullen/Frost Bankers by 7.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,270 shares of the bank’s stock valued at $1,044,000 after purchasing an additional 737 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Cullen/Frost Bankers by 28.5% during the second quarter. Commonwealth Equity Services LLC now owns 63,952 shares of the bank’s stock valued at $6,499,000 after buying an additional 14,186 shares during the period. nVerses Capital LLC purchased a new stake in Cullen/Frost Bankers during the second quarter worth $81,000. Finally, Natixis Advisors LLC boosted its position in Cullen/Frost Bankers by 35.1% during the 2nd quarter. Natixis Advisors LLC now owns 55,827 shares of the bank’s stock valued at $5,674,000 after acquiring an additional 14,491 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $134.25 on Thursday. The company has a market capitalization of $8.61 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.66 and a beta of 0.99. Cullen/Frost Bankers has a 1-year low of $94.09 and a 1-year high of $147.64. The firm’s 50 day simple moving average is $136.42 and its two-hundred day simple moving average is $118.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.38 earnings per share. Research analysts expect that Cullen/Frost Bankers will post 8.75 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.83%. Cullen/Frost Bankers’s payout ratio is presently 47.15%.

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.