Cullen/Frost Bankers (NYSE:CFR) Given New $131.00 Price Target at Stephens

Cullen/Frost Bankers (NYSE:CFR) had its target price upped by Stephens from $116.00 to $131.00 in a report released on Friday morning, Benzinga reports. Stephens currently has an equal weight rating on the bank’s stock.

A number of other equities research analysts also recently issued reports on CFR. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a buy rating in a research report on Friday. DA Davidson increased their target price on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a buy rating in a research report on Friday. Royal Bank of Canada increased their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a sector perform rating in a research report on Friday. StockNews.com upgraded shares of Cullen/Frost Bankers to a sell rating in a research report on Saturday, May 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an overweight rating on the stock in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $117.79.

Cullen/Frost Bankers Trading Up 1.7 %

Cullen/Frost Bankers stock opened at $119.74 on Friday. The company has a 50 day moving average price of $102.68 and a 200 day moving average price of $105.89. Cullen/Frost Bankers has a 52 week low of $82.25 and a 52 week high of $123.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.47 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.16. Cullen/Frost Bankers had a net margin of 24.88% and a return on equity of 17.72%. During the same period in the prior year, the business posted $2.47 earnings per share. Research analysts forecast that Cullen/Frost Bankers will post 8.42 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.50%.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Norges Bank acquired a new stake in Cullen/Frost Bankers in the 4th quarter worth $72,627,000. Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 18.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock worth $359,378,000 after purchasing an additional 495,215 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Cullen/Frost Bankers by 44.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock worth $86,619,000 after purchasing an additional 244,197 shares during the last quarter. Polaris Capital Management LLC grew its position in Cullen/Frost Bankers by 87.9% in the 4th quarter. Polaris Capital Management LLC now owns 359,100 shares of the bank’s stock worth $38,959,000 after purchasing an additional 168,000 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Cullen/Frost Bankers by 18.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock worth $114,994,000 after purchasing an additional 161,580 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

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.