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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $142.6667.

A number of research firms have recently commented on CFR. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Cantor Fitzgerald upped their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley lifted their target price on shares of Cullen/Frost Bankers from $136.00 to $143.00 and gave the stock an “underweight” rating in a report on Monday, March 2nd.

Insiders Place Their Bets

In related news, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares in the company, valued at $3,893,610.42. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.89% of the stock is currently owned by insiders.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors have recently added to or reduced their stakes in CFR. Goldman Sachs Group Inc. increased its holdings in shares of Cullen/Frost Bankers by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $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 holdings in shares of 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Cullen/Frost Bankers by 1.8% during the second quarter. Cetera Investment Advisers now owns 8,664 shares of the bank’s stock valued at $1,114,000 after buying an additional 150 shares during the last quarter. Finally, MAI Capital Management boosted its position in shares of Cullen/Frost Bankers by 171.0% during the second quarter. MAI Capital Management now owns 393 shares of the bank’s stock valued at $51,000 after buying an additional 248 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $133.73 on Friday. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $148.97. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8.42 billion, a P/E ratio of 13.48, a PEG ratio of 5.01 and a beta of 0.63. The stock’s 50 day moving average is $138.91 and its 200 day moving average is $131.07.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the previous year, the business earned $2.36 earnings per share. On average, equities research analysts predict that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.32%.

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.