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Research analysts at Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers (NYSE:CFR) from $67.00 to $69.00 in a report released on Thursday, AnalystRatings.NET reports. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 5.14% from the stock’s previous close.

Shares of Cullen/Frost Bankers (NYSE:CFR) traded up 2.96% during mid-day trading on Thursday, hitting $74.89. The stock had a trading volume of 544,182 shares. Cullen/Frost Bankers has a 52-week low of $58.46 and a 52-week high of $76.51. The stock has a 50-day moving average of $73.78 and a 200-day moving average of $71.89. The company has a market cap of $4.531 billion and a P/E ratio of 19.19.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Wednesday, January 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $237.75 million for the quarter, compared to the consensus estimate of $255.50 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Cullen/Frost Bankers will post $3.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of 0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.75%.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note to investors on Thursday, January 2nd. They now have a $78.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.11.

Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.

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