Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $161.75

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $161.75.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the company from $135.00 to $160.00 in a research report on Monday, July 6th. DA Davidson lifted their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Morgan Stanley upped their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research report on Monday, June 29th. Finally, Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.14% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in Cullen/Frost Bankers by 14,678.3% during the 2nd quarter. California State Teachers Retirement System now owns 10,701,283 shares of the bank’s stock worth $1,653,562,000 after purchasing an additional 10,628,871 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Cullen/Frost Bankers in the second quarter valued at about $1,133,453,000. First Eagle Investment Management LLC raised its holdings in shares of Cullen/Frost Bankers by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after buying an additional 511,784 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after buying an additional 236,808 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after buying an additional 10,246 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 1.2%

CFR stock opened at $161.38 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $170.80. The company’s 50 day moving average is $161.03 and its two-hundred day moving average is $147.26. The stock has a market cap of $10.03 billion, a P/E ratio of 15.25, a PEG ratio of 2.50 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the prior year, the business posted $2.39 EPS. Research analysts expect that Cullen/Frost Bankers will post 10.9 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.03 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

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.