Cullen/Frost Bankers (NYSE:CFR) Price Target Increased to $138.00 by Analysts at Maxim Group

Cullen/Frost Bankers (NYSE:CFR) had its price target upped by Maxim Group from $132.00 to $138.00 in a research report released on Friday morning, Marketbeat Ratings reports. Maxim Group currently has a buy rating on the bank’s stock.

CFR has been the subject of a number of other research reports. Truist Financial dropped their price target on shares of Cullen/Frost Bankers from $115.00 to $102.00 and set a hold rating for the company in a research note on Monday, July 8th. StockNews.com upgraded shares of Cullen/Frost Bankers to a sell rating in a research note on Saturday, May 4th. Jefferies Financial Group lowered their target price on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a hold rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada boosted their target price on shares of Cullen/Frost Bankers from $118.00 to $119.00 and gave the company a sector perform rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an overweight rating for the company in a research note on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $119.50.

Cullen/Frost Bankers Trading Down 1.5 %

CFR opened at $117.95 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $102.95 and its 200-day moving average is $105.97. The firm has a market capitalization of $7.55 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.49 and a beta of 1.03. Cullen/Frost Bankers has a 52-week low of $82.25 and a 52-week high of $123.17.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. During the same period last year, the firm earned $2.47 earnings per share. Analysts expect that Cullen/Frost Bankers will post 8.46 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio is currently 43.50%.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Cullen/Frost Bankers by 20.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after buying an additional 131,726 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Cullen/Frost Bankers by 4.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock valued at $40,345,000 after acquiring an additional 15,981 shares during the last quarter. Oak Harvest Investment Services acquired a new stake in Cullen/Frost Bankers in the 1st quarter valued at about $2,972,000. Goldman Sachs Group Inc. lifted its holdings in Cullen/Frost Bankers by 44.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after acquiring an additional 244,197 shares during the last quarter. Finally, Natixis acquired a new stake in Cullen/Frost Bankers in the 1st quarter valued at about $957,000. Institutional investors own 86.90% of the company’s stock.

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.