Cullen/Frost Bankers (CFR) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Cullen/Frost Bankers (NYSE: CFR) recently:

  • 2/13/2018 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the last six months. Also, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three out of the trailing four quarters. Fourth-quarter 2017 results reflected top-line strength and lower provisions. With a rising interest-rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin are expected to grow. Also, the company’s steady capital-deployment activities reflect strong balance-sheet position. However, its risky loan portfolio and escalating costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent.”
  • 2/9/2018 – Cullen/Frost Bankers was given a new $110.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 1/26/2018 – Cullen/Frost Bankers had its price target raised by analysts at Barclays PLC from $110.00 to $113.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – Cullen/Frost Bankers had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 1/10/2018 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $109.00 price target on the stock. According to Zacks, “Shares of Cullen/Frost have outperformed the industry in 2017. Also, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. Also, the company steady capital deployment activities reflect strong balance sheet position. However, company’s risky loan portfolio and rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent.”
  • 1/9/2018 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry in 2017. Also, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. Also, the company steady capital deployment activities reflect strong balance sheet position. However, company’s risky loan portfolio and rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent.”
  • 1/3/2018 – Cullen/Frost Bankers was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $107.00 price target on the stock. According to Zacks, “Shares of Cullen/Frost have outperformed the industry in 2017. Also, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. Also, the company steady capital deployment activities reflect strong balance sheet position. However, company’s risky loan portfolio and rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent.”
  • 1/2/2018 – Cullen/Frost Bankers was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Cullen/Frost have outperformed the industry over the past year. Also, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With a rising interest rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin is expected to grow. However, rising costs stemming mainly from expanding franchise are likely to deter bottom-line growth to some extent. Also, the company’s risky loan portfolio keeps us apprehensive.”
  • 1/2/2018 – Cullen/Frost Bankers had its price target raised by analysts at Barclays PLC from $106.00 to $110.00. They now have an “equal weight” rating on the stock.

Shares of Cullen/Frost Bankers, Inc. (CFR) opened at $107.91 on Thursday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $81.09 and a fifty-two week high of $108.77. The company has a market capitalization of $6,617.85, a price-to-earnings ratio of 19.58, a PEG ratio of 1.73 and a beta of 1.37. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.07.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 25th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.39 by $0.08. Cullen/Frost Bankers had a return on equity of 11.78% and a net margin of 29.62%. The business had revenue of $358.69 million during the quarter, compared to the consensus estimate of $351.34 million. During the same period in the prior year, the business posted $1.28 earnings per share. Cullen/Frost Bankers’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 6.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is 41.38%.

In related news, CFO Jerry Salinas sold 12,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $99.65, for a total transaction of $1,195,800.00. Following the transaction, the chief financial officer now directly owns 24,184 shares of the company’s stock, valued at $2,409,935.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Candace K. Wolfshohl sold 7,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $94.99, for a total value of $664,930.00. Following the transaction, the insider now directly owns 9,145 shares in the company, valued at $868,683.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,500 shares of company stock valued at $6,586,930. 5.15% of the stock is currently owned by company insiders.

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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply