Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Rating of “Hold” from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $135.7273.

Several research firms recently issued reports on CFR. Keefe, Bruyette & Woods upgraded Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Monday, January 5th. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research report on Friday, October 10th. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Finally, Morgan Stanley increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th.

Cullen/Frost Bankers Stock Down 0.3%

Cullen/Frost Bankers stock opened at $138.66 on Monday. The company’s 50-day moving average price is $128.10 and its two-hundred day moving average price is $128.26. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.87 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.74 and a beta of 0.63. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The company had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.During the same quarter in the previous year, the company posted $2.24 earnings per share. As a group, analysts expect that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.15%.

Insiders Place Their Bets

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the sale, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $26,000. GoalVest Advisory LLC bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Advisory Services Network LLC acquired a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Blue Trust Inc. increased its stake in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after acquiring an additional 184 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.