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

Cullen/Frost Bankers, Inc. (TXSE:CFR) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, 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 twelve-month target price among brokerages that have issued a report on the stock in the last year is $171.55.

CFR has been the topic of several research reports. TD Cowen lowered their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Tuesday, October 13th. Royal Bank Of Canada reduced their target price on shares of Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. DA Davidson increased their target price on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Finally, Keefe, Bruyette & Woods lowered shares of Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $180.00 to $175.00 in a research note on Monday, November 2nd.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson sold 534 shares of the stock in a transaction on Monday, November 2nd. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bobby Berman sold 2,406 shares of Cullen/Frost Bankers stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $157.10, for a total value of $377,982.60. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,840 shares of company stock worth $922,169 over the last ninety days. 1.14% of the stock is currently owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Symphony Financial Ltd. Co. lifted its position in Cullen/Frost Bankers by 2.2% in the second quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock valued at $539,000 after purchasing an additional 75 shares during the last quarter. Reyes Financial Architecture Inc. boosted its stake in shares of Cullen/Frost Bankers by 14.4% during the third quarter. Reyes Financial Architecture Inc. now owns 611 shares of the bank’s stock valued at $93,000 after purchasing an additional 77 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Cullen/Frost Bankers by 4.4% during the third quarter. D.A. Davidson & CO. now owns 1,947 shares of the bank’s stock valued at $297,000 after purchasing an additional 82 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 36.2% in the third quarter. Global Retirement Partners LLC now owns 331 shares of the bank’s stock worth $51,000 after purchasing an additional 88 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Cullen/Frost Bankers by 1.0% in the third quarter. Pictet Asset Management Holding SA now owns 9,293 shares of the bank’s stock worth $1,419,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

The company has a market cap of $9.81 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $156.95 and its 200 day simple moving average is $149.82. Cullen/Frost Bankers has a 1-year low of $119.14 and a 1-year high of $170.80.

Cullen/Frost Bankers (TXSE:CFR) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. During the same period in the previous year, the firm earned $2.67 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers will post 11.02 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $1.03 dividend. The ex-dividend date is Monday, November 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Cullen/Frost Bankers’s payout ratio is presently 38.33%.

Cullen/Frost Bankers Company Profile

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.