Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $135.73 Consensus Price Target from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $135.7273.

Several research firms have issued reports on CFR. Keefe, Bruyette & Woods upgraded Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, January 5th. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a report on Friday, October 31st. Barclays reduced their price objective on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, Morgan Stanley boosted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the sale, the executive vice president owned 3,795 shares in the company, valued at $481,965. This represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.89% of the stock is owned by insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Cullen/Frost Bankers during the third quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth about $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after buying an additional 264 shares during the period. Finally, Community Bank N.A. bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $35,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $137.17 on Monday. The firm has a 50-day moving average of $127.53 and a two-hundred day moving average of $128.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $8.77 billion, a P/E ratio of 14.11, a PEG ratio of 2.67 and a beta of 0.63. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.The business had revenue of $567.27 million for the quarter, compared to analyst estimates of $565.54 million. During the same period in the previous year, the company earned $2.24 earnings per share. On average, research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, November 28th. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

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.