Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Rating of “Hold” from Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $161.75.

A number of research analysts have commented on the company. DA Davidson upped their price objective on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, May 4th. TD Cowen boosted their target price on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald raised their price target on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th.

Cullen/Frost Bankers Trading Down 0.3%

Shares of NYSE:CFR opened at $161.19 on Tuesday. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $170.80. The business has a 50 day moving average of $161.58 and a 200-day moving average of $147.46. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.02 billion, a PE ratio of 15.24, a P/E/G ratio of 2.48 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same quarter last year, the company earned $2.39 earnings per share. As a group, equities research analysts forecast that Cullen/Frost Bankers will post 10.9 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 38.94%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Covestor Ltd grew its holdings in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $37,000. Global Retirement Partners LLC bought a new position in shares of Cullen/Frost Bankers in the second quarter worth $38,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Cullen/Frost Bankers in the first quarter worth $41,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.