Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $117.92

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $117.46.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $118.00 target price on shares of Cullen/Frost Bankers in a research note on Tuesday, April 9th. Evercore ISI lifted their price objective on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research report on Thursday, March 28th. Truist Financial reduced their price objective on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a research report on Monday. Morgan Stanley lifted their price objective on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 8th.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Investment Advisors LLC grew its holdings in shares of Cullen/Frost Bankers by 68.8% during the first quarter. Capstone Investment Advisors LLC now owns 3,993 shares of the bank’s stock worth $449,000 after purchasing an additional 1,628 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Cullen/Frost Bankers by 35.2% during the first quarter. Janney Montgomery Scott LLC now owns 16,573 shares of the bank’s stock worth $1,866,000 after purchasing an additional 4,317 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Cullen/Frost Bankers during the first quarter worth about $69,000. Norden Group LLC bought a new stake in shares of Cullen/Frost Bankers during the first quarter worth about $1,062,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Cullen/Frost Bankers by 40.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,376 shares of the bank’s stock valued at $155,000 after acquiring an additional 395 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $105.35 on Friday. Cullen/Frost Bankers has a 1-year low of $82.25 and a 1-year high of $120.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $108.99 and a 200 day simple moving average of $104.19. The stock has a market capitalization of $6.77 billion, a PE ratio of 12.45, a P/E/G ratio of 1.32 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period in the previous year, the firm earned $2.70 earnings per share. On average, research analysts expect that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, May 31st. Cullen/Frost Bankers’s dividend payout ratio is currently 43.50%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.