Cullen/Frost Bankers (NYSE:CFR) Sets New 1-Year High – Here’s Why

Cullen/Frost Bankers, Inc. (NYSE:CFR)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $148.46 and last traded at $146.28, with a volume of 665234 shares changing hands. The stock had previously closed at $146.26.

Analysts Set New Price Targets

CFR has been the subject of a number of recent research reports. Citigroup boosted their price target on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.92.

Cullen/Frost Bankers Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $9.12 billion, a P/E ratio of 14.55, a P/E/G ratio of 5.30 and a beta of 0.65. The firm’s fifty day moving average is $135.06 and its two-hundred day moving average is $129.03.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. The business had revenue of $562.58 million for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same period in the previous year, the business earned $2.36 earnings per share. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.32%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the sale, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,700 shares of company stock worth $225,970. Company insiders own 2.89% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at approximately $28,000. GoalVest Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at $28,000. Covestor Ltd increased its position in Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

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.