Cullen/Frost Bankers (NYSE:CFR) Cut to “Neutral” at DA Davidson

DA Davidson downgraded shares of Cullen/Frost Bankers (NYSE:CFR) from a buy rating to a neutral rating in a research report released on Monday morning, MarketBeat.com reports. DA Davidson currently has $143.00 price target on the bank’s stock, up from their prior price target of $138.00. DA Davidson also issued estimates for Cullen/Frost Bankers’ Q1 2025 earnings at $2.17 EPS, FY2025 earnings at $9.22 EPS and FY2026 earnings at $9.47 EPS.

Other equities analysts have also issued reports about the stock. Citigroup raised their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Maxim Group boosted their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stephens raised their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.31.

Cullen/Frost Bankers Trading Up 1.2 %

Shares of Cullen/Frost Bankers stock opened at $140.31 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day simple moving average of $137.59 and a two-hundred day simple moving average of $125.38. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. Research analysts forecast that Cullen/Frost Bankers will post 8.66 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.71%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling

In other news, EVP Howard L. Kasanoff sold 4,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the sale, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. This represents a 58.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,858 shares of company stock valued at $4,137,865 over the last 90 days. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning lifted its stake in Cullen/Frost Bankers by 7.4% in the second quarter. Creative Planning now owns 8,449 shares of the bank’s stock valued at $859,000 after buying an additional 585 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cullen/Frost Bankers by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock valued at $600,000 after acquiring an additional 156 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Cullen/Frost Bankers during the 2nd quarter valued at $2,199,000. GAMMA Investing LLC boosted its stake in Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock worth $76,000 after acquiring an additional 106 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in Cullen/Frost Bankers by 14.3% in the third quarter. Diversified Trust Co now owns 22,085 shares of the bank’s stock worth $2,470,000 after purchasing an additional 2,755 shares during the period. 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.