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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been given a consensus rating of “Reduce” by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $132.57.

A number of analysts recently weighed in on CFR shares. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. Barclays started coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $130.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday, February 3rd.

Insiders Place Their Bets

In related news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of CFR. UMB Bank n.a. boosted its holdings in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers in the third quarter worth $29,000. Blue Trust Inc. raised its stake in shares of Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock valued at $62,000 after acquiring an additional 120 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Cullen/Frost Bankers by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the bank’s stock worth $65,000 after purchasing an additional 132 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 0.3 %

CFR stock opened at $111.44 on Friday. The stock has a market capitalization of $7.16 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The company has a fifty day moving average of $126.06 and a 200-day moving average of $130.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. Cullen/Frost Bankers has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. 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 Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.41%. Cullen/Frost Bankers’s dividend payout ratio is currently 42.84%.

Cullen/Frost Bankers Company Profile

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.