Cullen/Frost Bankers (NYSE:CFR) Given New $175.00 Price Target at Keefe, Bruyette & Woods

Cullen/Frost Bankers (NYSE:CFR) had its target price boosted by Keefe, Bruyette & Woods from $165.00 to $175.00 in a research note issued to investors on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. DA Davidson upped their target price on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley increased their price objective on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a report on Monday, June 29th. Barclays increased their price target on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada upped their target price 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $157.00.

Cullen/Frost Bankers Stock Up 1.8%

NYSE CFR opened at $166.47 on Friday. The stock’s 50 day moving average is $151.51 and its 200 day moving average is $143.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $169.09. The stock has a market cap of $10.45 billion, a PE ratio of 15.73, a P/E/G ratio of 2.92 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The business had revenue of $608.65 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 29.29% and a return on equity of 15.64%. During the same period last year, the firm posted $2.39 EPS. Research analysts predict that Cullen/Frost Bankers will post 10.57 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is presently 40.12%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were 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. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.14% of the stock is currently owned by insiders.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Covestor Ltd boosted its position in Cullen/Frost Bankers by 67.6% during the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. grew 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 purchasing an additional 184 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Cullen/Frost Bankers in the first quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. raised its holdings in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting Cullen/Frost Bankers

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Q2 earnings beat expectations: Cullen/Frost reported $2.70 in diluted EPS, up from $2.39 a year earlier, exceeding the $2.55 consensus estimate. Revenue of approximately $608.7 million also surpassed the $589.7 million forecast. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Healthy operating trends: Taxable-equivalent net interest income rose 4.3% year over year to $470.1 million, average loans increased 7.4% to $22.6 billion, and non-interest income climbed 9.4% to $128.3 million. Improved credit quality and a record loan pipeline also helped reinforce the growth outlook. Cullen-Frost Q2 Earnings Beat
• Positive Sentiment: More bullish analyst views: Stephens raised its price target from $169 to $183 and upgraded its stance to “overweight.” Keefe, Bruyette & Woods lifted its target to $175 with an “outperform” rating, while RBC raised its target to $176 but maintained a “sector perform” rating. Analyst Price Target Updates
• Positive Sentiment: Capital returns remain supportive: The bank declared a quarterly common-stock dividend of $1.03 per share, representing an annualized yield of roughly 2.5%, and repurchased approximately $90 million of its shares during the quarter.
• Neutral Sentiment: Mixed analyst consensus: Despite the target increases, brokerages collectively maintain an average “hold” recommendation, suggesting that some investors view the recent gains and valuation as largely reflected in the stock price. Average Hold Recommendation
• Negative Sentiment: Expense growth remains a consideration: Non-interest expense rose 4.2% year over year to $361.7 million, which could limit profit expansion if operating costs accelerate faster than revenue.

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.