Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Now Rated “Hold” by Wall Street Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $169.36.

A number of research firms recently commented on CFR. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Citigroup upped their target price on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. TD Cowen decreased their price target on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Stephens raised their price target on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th.

Institutional Trading of Cullen/Frost Bankers

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth about $1,133,453,000. State Street Corp boosted its position in shares of Cullen/Frost Bankers by 3.8% in the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after acquiring an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Cullen/Frost Bankers by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after purchasing an additional 511,784 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 valued at $209,833,000 after purchasing an additional 236,808 shares during the period. Finally, Bank of America Corp DE grew its holdings in Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $154.84 on Wednesday. Cullen/Frost Bankers has a fifty-two week low of $119.14 and a fifty-two week high of $170.80. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. The business has a fifty day moving average of $159.74 and a 200-day moving average of $152.05. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. During the same period in the prior year, the business earned $2.39 earnings per share. As a group, analysts predict that Cullen/Frost Bankers will post 10.94 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio is presently 38.94%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas, and the parent company of Frost Bank. Through Frost, the company provides banking, investment, and financial services to individuals, businesses, and institutions.

Frost Bank offers personal and business deposit accounts, consumer and commercial lending, treasury management, payment services, and other banking products. Its wealth management operations provide trust, investment management, and financial planning services, while the company also offers services related to insurance and investment banking.

Founded in 1868 by Thomas Claiborne Frost, the company has a long history of serving Texas markets.