Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $132.77 Consensus PT from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $132.77.

CFR has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. DA Davidson downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price target for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Compass Point boosted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th.

Insider Transactions at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.89% of the company’s stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Cullen/Frost Bankers by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock worth $855,884,000 after acquiring an additional 66,243 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after acquiring an additional 244,445 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after acquiring an additional 111,719 shares during the last quarter. Geode Capital Management LLC increased its stake in Cullen/Frost Bankers by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after acquiring an additional 66,223 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in shares of Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after buying an additional 94,252 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Down 1.1 %

Shares of CFR stock opened at $122.68 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a market capitalization of $7.88 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. The business’s 50 day moving average is $136.08 and its two-hundred day moving average is $130.23.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Equities analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.10%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

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.