Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Has Consensus Target Price of $171.55

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $171.55.

Several research analysts have commented on CFR shares. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Zacks Research cut Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada decreased their price objective on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. DA Davidson raised their target price on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Finally, Barclays raised their target price on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, October 5th.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 2,406 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $157.10, for a total transaction of $377,982.60. Following the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at approximately $4,462,582.60. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew Bradley Henson sold 534 shares of Cullen/Frost Bankers stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $159.72, for a total transaction of $85,290.48. Following the completion of the transaction, the chief accounting officer owned 317 shares in the company, valued at approximately $50,631.24. This represents a 62.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,840 shares of company stock worth $922,169 in the last 90 days. Company insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CFR. BlackRock Inc. acquired a new position in Cullen/Frost Bankers in the 2nd quarter valued at $1,133,453,000. Jupiter Topco LLC purchased a new position in Cullen/Frost Bankers during the second quarter worth about $94,297,000. William Blair Investment Management LLC acquired a new stake in Cullen/Frost Bankers in the second quarter valued at about $89,425,000. The Manufacturers Life Insurance Company acquired a new stake in Cullen/Frost Bankers in the second quarter valued at about $80,127,000. Finally, Bank of New York Mellon Corp acquired a new stake in Cullen/Frost Bankers in the second quarter valued at about $79,846,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Up 0.1%

CFR stock opened at $158.23 on Friday. The stock has a market cap of $9.84 billion, a P/E ratio of 14.55, a PEG ratio of 1.68 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a twelve month low of $119.14 and a twelve month high of $170.80. The company’s 50 day moving average is $157.13 and its two-hundred day moving average is $149.50.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 16.27% and a net margin of 23.37%. The company had revenue of $603.83 million for the quarter, compared to analyst estimates of $610.19 million. During the same quarter last year, the company posted $2.67 earnings per share. Research analysts expect that Cullen/Frost Bankers will post 11.02 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, November 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. Cullen/Frost Bankers’s dividend payout ratio is currently 38.33%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc. is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and other financial services to individuals and businesses. Frost Bank’s services include consumer and commercial banking, lending, treasury management, and wealth management, including trust and investment services. The company primarily serves customers across Texas through its branches and digital banking channels. The company traces its roots to 1868, when Thomas Claiborne Frost established a mercantile business in San Antonio; banking became part of the business later in the 19th century.