Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $133.71

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus rating of “Reduce” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $134.00.

Several brokerages recently weighed in on CFR. Cantor Fitzgerald began coverage on Cullen/Frost Bankers in a research report on Wednesday. They issued a “neutral” rating and a $138.00 target price on the stock. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 target price on the stock. Barclays cut their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Raymond James Financial cut their price objective on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th.

Cullen/Frost Bankers Trading Down 0.4%

Shares of CFR opened at $127.55 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8.20 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The stock’s fifty day simple moving average is $130.43 and its 200 day simple moving average is $125.90. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.11. The business had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.During the same period last year, the company posted $2.21 EPS. On average, equities research analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 3.1%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.06%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CFR. Alpine Bank Wealth Management acquired a new stake in shares of Cullen/Frost Bankers during the first quarter valued at about $30,000. Hantz Financial Services Inc. grew its stake in shares of Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after acquiring an additional 264 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Cullen/Frost Bankers during the first quarter valued at about $36,000. Geneos Wealth Management Inc. grew its stake in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after acquiring an additional 146 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.