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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $117.46.

A number of research analysts recently weighed in on CFR shares. Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a report on Thursday, March 28th. Truist Financial cut their price target on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Finally, UBS Group raised their price target on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, January 29th.

Cullen/Frost Bankers Trading Up 1.0 %

CFR stock opened at $105.35 on Friday. The company’s 50-day simple moving average is $108.99 and its 200-day simple moving average is $104.19. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52-week low of $82.25 and a 52-week high of $120.31. The firm has a market cap of $6.77 billion, a P/E ratio of 12.45, a PEG ratio of 1.32 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same period last year, the firm posted $2.70 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 annualized dividend and a yield of 3.49%. Cullen/Frost Bankers’s payout ratio is currently 43.50%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently modified their holdings of the business. Capstone Investment Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 68.8% in the first quarter. Capstone Investment Advisors LLC now owns 3,993 shares of the bank’s stock valued at $449,000 after purchasing an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Cullen/Frost Bankers by 35.2% during the first quarter. Janney Montgomery Scott LLC now owns 16,573 shares of the bank’s stock valued at $1,866,000 after buying an additional 4,317 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Cullen/Frost Bankers during the first quarter valued at approximately $69,000. Norden Group LLC purchased a new position in shares of Cullen/Frost Bankers during the first quarter valued at approximately $1,062,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Cullen/Frost Bankers by 40.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,376 shares of the bank’s stock valued at $155,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.