Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $142.67

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $142.6667.

Several equities research analysts recently weighed in on CFR shares. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Citigroup raised their target price on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Cantor Fitzgerald upped their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a report on Monday, March 2nd.

Cullen/Frost Bankers Stock Up 1.3%

CFR opened at $135.50 on Friday. The stock’s 50 day moving average price is $138.85 and its 200 day moving average price is $131.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $8.53 billion, a P/E ratio of 13.66, a P/E/G ratio of 4.91 and a beta of 0.63. Cullen/Frost Bankers has a 12 month low of $100.31 and a 12 month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $2.36 EPS. As a group, research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Insider Activity

In other news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction on 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 directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its stake in Cullen/Frost Bankers by 62.0% during the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after purchasing an additional 14,831 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Cullen/Frost Bankers by 3,892.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after buying an additional 97,854 shares during the last quarter. Truist Financial Corp grew its position in Cullen/Frost Bankers by 21.8% in the third quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock worth $5,110,000 after buying an additional 7,217 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Cullen/Frost Bankers by 3.4% in the second quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after buying an additional 3,313 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Cullen/Frost Bankers by 1,578.9% in the third quarter. SG Americas Securities LLC now owns 18,686 shares of the bank’s stock valued at $2,369,000 after buying an additional 17,573 shares in the last quarter. Institutional investors 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.