Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $160.3333.

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. Royal Bank Of Canada upped their price objective on Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Stephens increased their price objective on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Morgan Stanley lifted their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research note on Monday, June 29th. Finally, Barclays boosted their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.14% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently made changes to their positions in CFR. M&T Bank Corp lifted its stake in shares of Cullen/Frost Bankers by 13.5% in the fourth quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after purchasing an additional 12,990 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Cullen/Frost Bankers by 863.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after buying an additional 19,221 shares in the last quarter. ProShare Advisors LLC grew its position in Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after buying an additional 9,612 shares during the period. Verition Fund Management LLC grew its position in Cullen/Frost Bankers by 52.8% during the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after buying an additional 45,254 shares during the period. Finally, Tudor Investment Corp ET AL increased its holdings in Cullen/Frost Bankers by 915.0% in the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock valued at $5,456,000 after buying an additional 38,796 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.8%

Shares of NYSE:CFR opened at $164.83 on Friday. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $170.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $10.24 billion, a P/E ratio of 15.58, a P/E/G ratio of 2.56 and a beta of 0.53. The firm has a fifty day moving average price of $153.80 and a 200 day moving average price of $144.51.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $608.65 million for the quarter, compared to analyst estimates of $589.72 million. During the same period in the previous year, the business posted $2.39 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers will post 10.82 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 38.94%.

About Cullen/Frost Bankers

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.