Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $140.92

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $140.9167.

CFR has been the topic of several recent research reports. Barclays boosted their price target on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. DA Davidson increased their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th.

Insider Activity

In related news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the sale, the executive vice president directly owned 3,795 shares in the company, valued at $481,965. This represents a 15.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,700 shares of company stock valued at $225,970 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co. lifted its holdings in Cullen/Frost Bankers by 0.5% in the fourth quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 74 shares during the period. AlphaQuest LLC increased its holdings in shares of Cullen/Frost Bankers by 8.0% in the 2nd quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock valued at $139,000 after purchasing an additional 80 shares in the last quarter. Matrix Trust Co lifted its stake in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Private Advisor Group LLC lifted its stake in shares of Cullen/Frost Bankers by 2.9% in the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock valued at $416,000 after purchasing an additional 94 shares during the period. Finally, Cardinal Capital Management boosted its holdings in Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $146.79 on Friday. The firm’s fifty day simple moving average is $133.06 and its 200-day simple moving average is $128.57. Cullen/Frost Bankers has a 12 month low of $100.31 and a 12 month high of $148.12. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 5.40 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The company had revenue of $562.58 million for the quarter, compared to the consensus estimate of $578.05 million. During the same period last year, the firm posted $2.36 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s 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.