Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $132.77 Average Price Target from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received a consensus recommendation of “Reduce” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $132.77.

Several analysts recently commented on the company. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Compass Point raised their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley lowered their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company’s stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers during the third quarter worth approximately $29,000. UMB Bank n.a. increased its position in Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after buying an additional 77 shares during the period. Brooklyn Investment Group acquired a new position in Cullen/Frost Bankers during the third quarter worth approximately $44,000. Blue Trust Inc. grew its stake in shares of Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after purchasing an additional 239 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Cullen/Frost Bankers by 134.2% in the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock valued at $61,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 1.1 %

Cullen/Frost Bankers stock opened at $122.68 on Tuesday. The stock has a market capitalization of $7.88 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The business has a 50 day simple moving average of $136.08 and a 200-day simple moving average of $130.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. On average, analysts anticipate that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

About Cullen/Frost Bankers

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.