Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $145.08

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $145.0833.

A number of research firms have recently issued reports on CFR. Royal Bank Of Canada increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Morgan Stanley cut their price objective on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Barclays increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th.

Hedge Funds Weigh In On Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $26,000. Advisory Services Network LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Covestor Ltd lifted its position in Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Finally, Community Bank N.A. bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $35,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $138.17 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $138.20 and a two-hundred day moving average price of $134.71. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a market cap of $8.68 billion, a P/E ratio of 13.45, a PEG ratio of 3.51 and a beta of 0.58.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the firm earned $2.30 EPS. As a group, analysts anticipate that Cullen/Frost Bankers will post 10.41 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s payout ratio is 38.95%.

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.