Cullen/Frost Bankers (CFR) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Cullen/Frost Bankers (NYSE: CFR):

• 7/9/2024 – Cullen/Frost Bankers had its price target raised by analysts at Royal Bank of Canada from $118.00 to $119.00. They now have a “sector perform” rating on the stock.
• 7/8/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Truist Financial Co. from $115.00 to $102.00. They now have a “hold” rating on the stock.
• 7/3/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Jefferies Financial Group Inc. from $117.00 to $108.00. They now have a “hold” rating on the stock.
• 6/27/2024 – Cullen/Frost Bankers had its price target lowered by analysts at JPMorgan Chase & Co. from $140.00 to $130.00. They now have an “overweight” rating on the stock.
• 6/25/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Evercore ISI from $109.00 to $100.00. They now have an “underperform” rating on the stock.

Cullen/Frost Bankers Price Performance

CFR traded up $3.97 during midday trading on Monday, hitting $107.52. 1,135,357 shares of the company traded hands, compared to its average volume of 420,141. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.29 and a beta of 1.03. Cullen/Frost Bankers, Inc. has a 52-week low of $82.25 and a 52-week high of $120.31. The business has a 50 day simple moving average of $101.23 and a two-hundred day simple moving average of $105.43.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.02. The firm had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period last year, the firm posted $2.70 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.42 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.50%.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of CFR. First National Bank of Hutchinson increased its position in shares of Cullen/Frost Bankers by 1.6% during the first quarter. First National Bank of Hutchinson now owns 6,336 shares of the bank’s stock valued at $713,000 after acquiring an additional 102 shares during the last quarter. CWM LLC increased its position in shares of Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock valued at $38,000 after acquiring an additional 106 shares during the last quarter. Commerce Bank increased its position in shares of Cullen/Frost Bankers by 1.0% during the fourth quarter. Commerce Bank now owns 13,047 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 128 shares during the last quarter. Cardinal Capital Management increased its position in shares of Cullen/Frost Bankers by 1.3% during the fourth quarter. Cardinal Capital Management now owns 10,459 shares of the bank’s stock valued at $1,135,000 after acquiring an additional 130 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Cullen/Frost Bankers by 2.0% in the fourth quarter. Tributary Capital Management LLC now owns 7,395 shares of the bank’s stock valued at $802,000 after purchasing an additional 147 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.