Cullen/Frost Bankers, Inc. (NYSE:CFR) Given Average Rating of “Hold” by Brokerages

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $142.25.

A number of equities research analysts recently weighed in on CFR shares. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Cantor Fitzgerald upped their price target on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Barclays upped their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Finally, DA Davidson increased their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, January 30th.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of large investors have recently bought and sold shares of CFR. Goldman Sachs Group Inc. grew its holdings in Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after buying an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cullen/Frost Bankers by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after buying an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Cullen/Frost Bankers by 12.2% during the 2nd quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock worth $16,201,000 after purchasing an additional 13,718 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Cullen/Frost Bankers by 82.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after purchasing an additional 532 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR opened at $143.53 on Wednesday. The stock has a market cap of $9.04 billion, a P/E ratio of 14.47, a P/E/G ratio of 3.97 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $138.99 and its 200 day simple moving average is $133.43. Cullen/Frost Bankers has a 1-year low of $114.29 and a 1-year high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter in the prior year, the firm posted $2.36 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers will post 10.21 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is 40.32%.

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.