Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $132.77 Consensus Target Price from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned a consensus rating of “Reduce” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $132.77.

A number of equities research analysts have recently issued reports on CFR shares. Compass Point increased their target price 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. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st.

Cullen/Frost Bankers Price Performance

CFR opened at $126.05 on Tuesday. Cullen/Frost Bankers has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a 50 day moving average of $135.70 and a two-hundred day moving average of $130.68. The company has a market cap of $8.10 billion, a P/E ratio of 14.21, a P/E/G ratio of 6.46 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.01%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now owns 102,946 shares of the company’s stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tidal Investments LLC grew its position in shares of Cullen/Frost Bankers by 30.3% during the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after buying an additional 4,348 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Cullen/Frost Bankers by 45.0% during the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock valued at $2,156,000 after purchasing an additional 5,981 shares during the last quarter. Barclays PLC raised its position in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after purchasing an additional 305,921 shares during the period. Hancock Whitney Corp bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $784,000. Finally, Entropy Technologies LP acquired a new position in Cullen/Frost Bankers during the 4th quarter valued at approximately $389,000. 86.90% of the stock is currently owned by institutional investors.

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.