Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $132.14

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $132.14.

Several analysts have recently issued reports on CFR shares. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target on the stock in a research report on Friday, May 2nd. Morgan Stanley cut their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. Barclays boosted their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Royal Bank of Canada cut their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd.

Insider Activity

In related news, CAO Matthew Bradley Henson bought 1,870 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the purchase, the chief accounting officer now owns 5,545 shares in the company, valued at approximately $93,876.85. The trade was a 50.88 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.89% of the stock is owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Ontario Teachers Pension Plan Board bought a new position in shares of Cullen/Frost Bankers in the first quarter worth approximately $230,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at about $58,000. Cary Street Partners Financial LLC purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at about $866,000. New Age Alpha Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 57.6% during the first quarter. New Age Alpha Advisors LLC now owns 11,899 shares of the bank’s stock worth $1,490,000 after purchasing an additional 4,350 shares during the period. Finally, US Bancorp DE grew its stake in shares of Cullen/Frost Bankers by 12.2% in the first quarter. US Bancorp DE now owns 4,870 shares of the bank’s stock worth $610,000 after purchasing an additional 531 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $124.80 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $118.71 and its 200 day simple moving average is $131.03. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 6.46 and a beta of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The company had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. During the same quarter in the prior year, the company earned $2.15 EPS. Sell-side analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 3.21%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.91%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.