Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $141.50

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $142.6667.

CFR has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. Barclays increased their price target on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, Morgan Stanley upped their price objective on Cullen/Frost Bankers from $136.00 to $143.00 and gave the stock an “underweight” rating in a research note on Monday.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $137.70 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $148.97. The stock has a market capitalization of $8.70 billion, a P/E ratio of 13.88, a P/E/G ratio of 5.13 and a beta of 0.63. The company has a 50 day moving average of $138.84 and a 200-day moving average of $130.60.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the prior year, the company posted $2.36 earnings per share. As a group, equities research analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is 40.32%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of CFR. Champlain Investment Partners LLC lifted its position in shares of Cullen/Frost Bankers by 1.0% in the second quarter. Champlain Investment Partners LLC now owns 1,734,222 shares of the bank’s stock valued at $222,917,000 after buying an additional 16,771 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cullen/Frost Bankers by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,293,964 shares of the bank’s stock valued at $163,862,000 after acquiring an additional 106,558 shares during the period. Geode Capital Management LLC lifted its holdings in Cullen/Frost Bankers by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after purchasing an additional 10,246 shares during the last quarter. Bank of America Corp DE boosted its position in Cullen/Frost Bankers by 8.5% during the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after purchasing an additional 88,080 shares during the period. Finally, Northern Trust Corp boosted its position in Cullen/Frost Bankers by 2.3% during the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after purchasing an additional 21,793 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.