Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $155.00

Cullen/Frost Bankers (NYSE:CFR) had its price target raised by Royal Bank Of Canada from $150.00 to $155.00 in a report issued on Friday,Benzinga reports. They currently have a sector perform rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley decreased their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a report 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 company an “outperform” rating in a report on Friday, January 30th. Cantor Fitzgerald boosted their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Finally, Citigroup boosted their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $142.82.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $140.62 on Friday. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $148.97. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.87 and a beta of 0.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $138.96 and a 200-day moving average of $133.66.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $587.29 million. During the same quarter in the previous year, the business earned $2.30 EPS. On average, equities research analysts forecast that Cullen/Frost Bankers will post 10.26 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.32%.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted 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 worth $163,862,000 after purchasing an additional 106,558 shares during the period. Geode Capital Management LLC boosted its stake in Cullen/Frost Bankers by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after purchasing an additional 10,246 shares during the period. Bank of America Corp DE boosted its stake in Cullen/Frost Bankers by 8.5% in the 3rd 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. Northern Trust Corp boosted its stake in Cullen/Frost Bankers by 2.3% in the 3rd 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. Finally, Impax Asset Management Group plc boosted its stake in Cullen/Frost Bankers by 11.9% in the 3rd quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock worth $116,734,000 after purchasing an additional 97,955 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers News Roundup

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: First‑quarter results beat expectations — EPS of $2.65 topped consensus and revenue showed a large upside, driven by higher net interest income and fee income, supporting the bank’s core earnings strength. Zacks: Q1 Earnings Beat
• Positive Sentiment: Dividend hike announced — board raised the quarterly payout to $1.03 (3% increase), implying a ~2.8% yield and reinforcing income appeal for investors. PR Newswire: Q1 Results & Dividend
• Positive Sentiment: Analyst target increased — RBC raised its price target to $155 (sector perform), implying roughly ~10% upside from the recent price, which can provide support to the shares. Benzinga: RBC Raises Target
• Neutral Sentiment: Corporate housekeeping — shareholders approved directors’ pay and auditors at the annual meeting; the company also rescheduled the earnings conference call (logistics, not material fundamentals). TipRanks: Shareholder Votes PR Newswire: Call Rescheduled
• Negative Sentiment: Rising operating expenses — analysts and the company call out higher expenses as a drag on profitability despite revenue gains, which may temper enthusiasm and pressure the multiple investors are willing to pay. Zacks: Expenses Weigh on Profitability

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.