Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $158.00

Cullen/Frost Bankers (NYSE:CFR) had its target price boosted by Cantor Fitzgerald from $154.00 to $158.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

CFR has been the topic of a number of other research reports. Stephens upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a report on Monday, June 29th. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Finally, Barclays boosted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $152.42.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $161.48 on Wednesday. The company’s fifty day simple moving average is $146.08 and its 200-day simple moving average is $141.34. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 52 week low of $119.00 and a 52 week high of $163.80. The company has a market cap of $10.14 billion, a PE ratio of 15.72, a P/E/G ratio of 2.92 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.28 million. During the same quarter last year, the company earned $2.30 earnings per share. As a group, equities research analysts anticipate that Cullen/Frost Bankers will post 10.57 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.03 dividend. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.6%. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.14% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Hedge funds have recently added to or reduced their stakes in the business. Fulton Bank N.A. grew its stake in shares of Cullen/Frost Bankers by 13.2% in the second quarter. Fulton Bank N.A. now owns 6,715 shares of the bank’s stock worth $1,038,000 after purchasing an additional 784 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cullen/Frost Bankers by 1.3% during the second quarter. GAMMA Investing LLC now owns 8,323 shares of the bank’s stock valued at $1,286,000 after purchasing an additional 109 shares in the last quarter. Carlson Capital L.P. lifted its holdings in Cullen/Frost Bankers by 120.0% in the first quarter. Carlson Capital L.P. now owns 28,818 shares of the bank’s stock worth $3,950,000 after purchasing an additional 15,718 shares during the period. Segall Bryant & Hamill LLC bought a new position in Cullen/Frost Bankers in the 1st quarter valued at about $25,827,000. Finally, Bank of America Corp DE grew its position in Cullen/Frost Bankers by 11.8% in the 1st quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after buying an additional 127,483 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.