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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $148.7273.

Several research firms recently weighed in on CFR. Royal Bank Of Canada raised their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Citigroup raised their price objective on Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. Stephens raised Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective for the company in a research note on Tuesday, May 5th. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Barclays raised their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $144.33 on Thursday. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a market capitalization of $9.06 billion, a P/E ratio of 14.05, a PEG ratio of 3.64 and a beta of 0.55. The business has a 50 day moving average price of $139.91 and a 200 day moving average price of $136.48. 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 quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The firm had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. During the same period last year, the business posted $2.30 EPS. Sell-side analysts expect that Cullen/Frost Bankers will post 10.46 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.12%.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds have recently bought and sold shares of CFR. Goldman Sachs Group Inc. increased its position in Cullen/Frost Bankers by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after buying an additional 230,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 worth $20,896,000 after buying an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Cullen/Frost Bankers by 40.8% during the first 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. Invesco Ltd. increased its position in Cullen/Frost Bankers by 12.2% during the second quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock worth $16,201,000 after buying an additional 13,718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Cullen/Frost Bankers by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after buying an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

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.