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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $151.9167.

Several analysts have commented on CFR shares. Royal Bank Of Canada raised their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their target price for the stock from $135.00 to $160.00 in a research note on Monday, July 6th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Citigroup lifted their price target on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Finally, Barclays boosted their price target on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. 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 owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Covestor Ltd lifted its position in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after acquiring an additional 184 shares during the last quarter. Community Bank N.A. acquired a new stake in shares of Cullen/Frost Bankers in the third quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Cullen/Frost Bankers during the first quarter worth approximately $41,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 0.0%

CFR stock opened at $156.92 on Monday. The company’s 50-day simple moving average is $144.18 and its 200-day simple moving average is $140.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 52-week low of $119.00 and a 52-week high of $157.69. The firm has a market cap of $9.85 billion, a P/E ratio of 15.28, a PEG ratio of 2.80 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same quarter in the previous year, the business earned $2.30 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers will post 10.57 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.12%.

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.