Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $142.67 Average Price Target from Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $141.8333.

A number of research firms recently commented on CFR. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Cantor Fitzgerald upped their price objective on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Finally, Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th.

Insiders Place Their Bets

In other news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently modified their holdings of CFR. Norges Bank acquired a new stake in Cullen/Frost Bankers during the 4th quarter worth $92,904,000. Two Sigma Investments LP increased its stake in Cullen/Frost Bankers by 2,024.4% in the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock valued at $47,409,000 after purchasing an additional 356,373 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cullen/Frost Bankers by 16,676.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock valued at $44,760,000 after buying an additional 351,363 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $29,769,000. Finally, Millennium Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth about $29,687,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

CFR stock opened at $138.69 on Friday. The business has a 50 day moving average price of $138.74 and a 200 day moving average price of $131.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 5.02 and a beta of 0.61. Cullen/Frost Bankers has a fifty-two week low of $100.31 and a fifty-two week high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. During the same period in the prior year, the firm posted $2.36 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.9%. Cullen/Frost Bankers’s payout ratio is 40.32%.

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.