Stephens set a $97.00 price objective on Cullen/Frost Bankers, Inc. (NYSE:CFR) in a report published on Thursday morning. The firm currently has a hold rating on the bank’s stock.

Several other research firms have also recently issued reports on CFR. BidaskClub upgraded shares of Cullen/Frost Bankers from a sell rating to a hold rating in a research report on Wednesday, July 5th. Morgan Stanley restated an equal weight rating and set a $93.00 price objective (up from $90.00) on shares of Cullen/Frost Bankers in a research report on Thursday, July 6th. Raymond James Financial, Inc. restated a market perform rating on shares of Cullen/Frost Bankers in a research report on Tuesday, July 4th. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a hold rating to a buy rating and set a $106.00 price objective for the company in a research report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods set a $94.00 price objective on shares of Cullen/Frost Bankers and gave the stock a hold rating in a research report on Monday, April 3rd. Fifteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $96.17.

Cullen/Frost Bankers (NYSE:CFR) opened at 91.55 on Thursday. The stock’s 50 day moving average is $95.18 and its 200 day moving average is $91.82. Cullen/Frost Bankers has a 52 week low of $65.07 and a 52 week high of $99.20. The stock has a market cap of $5.88 billion, a PE ratio of 18.02 and a beta of 1.33.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. During the same period last year, the business earned $1.11 earnings per share. Analysts predict that Cullen/Frost Bankers will post $5.31 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Stephens Analysts Give Cullen/Frost Bankers, Inc. (NYSE:CFR) a $97.00 Price Target” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/stephens-analysts-give-cullenfrost-bankers-inc-nysecfr-a-97-00-price-target/1463678.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 44.79%.

In related news, Director Graham M. Weston purchased 22,081 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average cost of $90.56 per share, for a total transaction of $1,999,655.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.15% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Cullen/Frost Bankers by 16.5% in the first quarter. Vanguard Group Inc. now owns 5,356,366 shares of the bank’s stock worth $476,557,000 after buying an additional 758,710 shares in the last quarter. BlackRock Inc. raised its position in Cullen/Frost Bankers by 3,918.0% in the first quarter. BlackRock Inc. now owns 4,695,956 shares of the bank’s stock valued at $417,800,000 after buying an additional 4,579,082 shares during the last quarter. Neuberger Berman Group LLC raised its position in Cullen/Frost Bankers by 8.8% in the first quarter. Neuberger Berman Group LLC now owns 2,475,461 shares of the bank’s stock valued at $220,242,000 after buying an additional 200,811 shares during the last quarter. JPMorgan Chase & Co. raised its position in Cullen/Frost Bankers by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 1,951,679 shares of the bank’s stock valued at $173,641,000 after buying an additional 12,321 shares during the last quarter. Finally, Aristotle Capital Management LLC raised its position in Cullen/Frost Bankers by 3.6% in the first quarter. Aristotle Capital Management LLC now owns 1,734,287 shares of the bank’s stock valued at $154,299,000 after buying an additional 60,197 shares during the last quarter. Institutional investors and hedge funds own 80.83% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

Receive News & Ratings for Cullen/Frost Bankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.