Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Consensus Recommendation of “Hold” from Brokerages

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $135.7273.

CFR has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Citigroup boosted their target price on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a report on Friday, October 31st. Barclays dropped their target price on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of CFR. Goldman Sachs Group Inc. grew its holdings in shares of Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after purchasing an additional 230,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cullen/Frost Bankers by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after purchasing an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares in the last quarter. Strs Ohio purchased a new position in shares of Cullen/Frost Bankers in the 1st quarter worth $8,230,000. Finally, Voya Investment Management LLC increased its holdings in shares of Cullen/Frost Bankers by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 7,342 shares of the bank’s stock worth $919,000 after buying an additional 199 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Trading Down 1.0%

Shares of CFR stock opened at $135.74 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day simple moving average of $126.77 and a two-hundred day simple moving average of $128.04. The firm has a market capitalization of $8.68 billion, a PE ratio of 13.97, a PEG ratio of 2.68 and a beta of 0.63. Cullen/Frost Bankers has a 52-week low of $100.31 and a 52-week high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, beating the consensus estimate of $2.38 by $0.29. The business had revenue of $567.27 million for the quarter, compared to the consensus estimate of $565.54 million. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.During the same period in the previous year, the business earned $2.24 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 28th. Cullen/Frost Bankers’s payout ratio is 41.15%.

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.