Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $127.07 Consensus PT from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $129.00.

A number of research analysts recently weighed in on CFR shares. Maxim Group lifted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday. Finally, Stephens increased their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In related news, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ballentine Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after purchasing an additional 77 shares during the last quarter. UMB Bank n.a. grew its stake in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Keene & Associates Inc. increased its position in Cullen/Frost Bankers by 1.7% in the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after buying an additional 89 shares during the period. Strategic Financial Concepts LLC increased its position in Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after buying an additional 89 shares during the period. Finally, First Dallas Securities Inc. lifted its stake in Cullen/Frost Bankers by 2.5% in the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock valued at $541,000 after buying an additional 100 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 0.8 %

NYSE CFR opened at $139.39 on Monday. The company has a market cap of $8.94 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. 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 company has a 50-day moving average of $137.88 and a 200-day moving average of $124.94.

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

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

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.