Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $136.75

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $136.75.

A number of brokerages have recently commented on CFR. Citigroup raised their price objective on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research note on Friday, October 31st. Raymond James Financial dropped their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Thursday, September 25th. Royal Bank Of Canada increased their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, November 17th.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $123.72 on Friday. The stock has a market cap of $7.91 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.74. The business has a 50-day simple moving average of $124.52 and a 200-day simple moving average of $127.66. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $567.27 million for the quarter, compared to analyst estimates of $565.54 million. During the same period last year, the company earned $2.24 earnings per share. On average, equities analysts expect that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $1.00 dividend. The ex-dividend date is Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. Cullen/Frost Bankers’s payout ratio is 41.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaQuest LLC grew its position in shares of Cullen/Frost Bankers by 8.0% in the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock valued at $139,000 after purchasing an additional 80 shares during the last quarter. Cardinal Capital Management lifted its position in shares of Cullen/Frost Bankers by 0.5% during the 2nd quarter. Cardinal Capital Management now owns 17,824 shares of the bank’s stock worth $2,291,000 after purchasing an additional 81 shares during the last quarter. LaSalle St. Investment Advisors LLC boosted its stake in Cullen/Frost Bankers by 4.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank’s stock valued at $271,000 after purchasing an additional 84 shares during the period. Private Advisor Group LLC grew its holdings in Cullen/Frost Bankers by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock valued at $416,000 after buying an additional 94 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in Cullen/Frost Bankers by 6.2% in the 3rd quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock valued at $215,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.