Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $161.75 Consensus PT from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $161.75.

A number of research analysts recently weighed in on the stock. Stephens lifted their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and raised their price target for the company from $135.00 to $160.00 in a research report on Monday, July 6th. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Finally, Morgan Stanley upped their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $161.90 on Tuesday. The company has a market cap of $10.06 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.48 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50-day moving average of $161.35 and a two-hundred day moving average of $147.36. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $170.80.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s payout ratio is presently 38.94%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Large investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Covestor Ltd grew its stake in shares of Cullen/Frost Bankers by 67.6% during the fourth 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 purchased a new position in Cullen/Frost Bankers in the second quarter valued at $37,000. Global Retirement Partners LLC purchased a new position in Cullen/Frost Bankers in the second quarter valued at $38,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Cullen/Frost Bankers in the first quarter valued at $41,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.