Cullen/Frost Bankers (NYSE:CFR) Given New $140.00 Price Target at Barclays

Cullen/Frost Bankers (NYSE:CFR) had its price target reduced by Barclays from $145.00 to $140.00 in a report issued on Friday,Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

A number of other research analysts have also recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Cantor Fitzgerald initiated coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price objective on the stock. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $135.55.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $128.98 on Friday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 2.99 and a beta of 0.64. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year high of $146.44. The business has a 50 day simple moving average of $124.83 and a 200-day simple moving average of $127.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.The firm had revenue of $567.27 million for the quarter, compared to the consensus estimate of $565.54 million. During the same quarter in the previous year, the company posted $2.24 EPS. Equities analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Cullen/Frost Bankers’s payout ratio is 41.15%.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. M.E. Allison & CO. Inc. lifted its holdings in shares of Cullen/Frost Bankers by 35.1% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 8,734 shares of the bank’s stock valued at $1,123,000 after purchasing an additional 2,270 shares during the last quarter. Legal & General Group Plc increased its position in Cullen/Frost Bankers by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after buying an additional 3,313 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Cullen/Frost Bankers by 3,892.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after buying an additional 97,854 shares in the last quarter. HB Wealth Management LLC raised its stake in Cullen/Frost Bankers by 18.9% in the second quarter. HB Wealth Management LLC now owns 2,255 shares of the bank’s stock valued at $290,000 after buying an additional 358 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Cullen/Frost Bankers by 30.2% in the second quarter. Russell Investments Group Ltd. now owns 102,234 shares of the bank’s stock worth $13,141,000 after acquiring an additional 23,714 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.