Cullen/Frost Bankers, Inc. (NYSE:CFR) Given Average Rating of “Hold” by Brokerages

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $117.92.

A number of analysts recently issued reports on CFR shares. Stephens raised their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Morgan Stanley raised their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group lifted their target price on Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Finally, Compass Point downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. 2.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CFR. NBC Securities Inc. acquired a new position in Cullen/Frost Bankers during the third quarter worth $27,000. ICA Group Wealth Management LLC acquired a new position in Cullen/Frost Bankers during the fourth quarter worth $33,000. Arvest Investments Inc. acquired a new position in Cullen/Frost Bankers during the fourth quarter worth $35,000. CWM LLC grew its holdings in Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after acquiring an additional 106 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Cullen/Frost Bankers during the fourth quarter worth $43,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 3.3 %

Shares of CFR stock opened at $107.05 on Friday. The stock’s fifty day moving average is $109.20 and its two-hundred day moving average is $103.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $6.87 billion, a P/E ratio of 11.76, a PEG ratio of 1.45 and a beta of 1.03. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. During the same quarter last year, the firm posted $2.70 EPS. Research analysts expect that Cullen/Frost Bankers will post 8.49 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.44%.

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.