Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $125.43 Consensus Target Price from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $127.07.

Several equities analysts recently weighed in on CFR shares. Evercore ISI cut their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, October 2nd. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods increased their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens boosted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st.

Cullen/Frost Bankers Price Performance

CFR opened at $137.80 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $8.84 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99. The company’s 50 day simple moving average is $132.55 and its 200-day simple moving average is $115.73. Cullen/Frost Bankers has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS. Sell-side analysts anticipate that Cullen/Frost Bankers will post 8.75 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.76%. Cullen/Frost Bankers’s dividend payout ratio is currently 47.15%.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 3,506 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the transaction, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.91. This represents a 11.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,864 shares of company stock valued at $2,977,033. Company insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors have recently made changes to their positions in CFR. Cetera Advisors LLC increased its stake in Cullen/Frost Bankers by 24.4% in the 1st quarter. Cetera Advisors LLC now owns 2,391 shares of the bank’s stock valued at $269,000 after buying an additional 469 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Cullen/Frost Bankers by 44.8% in the second quarter. SG Americas Securities LLC now owns 4,720 shares of the bank’s stock valued at $480,000 after acquiring an additional 1,460 shares during the last quarter. Diversified Trust Co raised its holdings in Cullen/Frost Bankers by 2.4% during the second quarter. Diversified Trust Co now owns 19,330 shares of the bank’s stock worth $1,965,000 after acquiring an additional 462 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Cullen/Frost Bankers by 6.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,333 shares of the bank’s stock valued at $237,000 after purchasing an additional 137 shares during the last quarter. Finally, Everpar Advisors LLC grew its stake in Cullen/Frost Bankers by 6.1% in the second quarter. Everpar Advisors LLC now owns 3,422 shares of the bank’s stock valued at $348,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.