Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have received an average recommendation of "Reduce" from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $132.77.

CFR has been the topic of a number of analyst reports. Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted 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 research report on Monday, February 3rd. Evercore ISI upped their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Finally, DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd.

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Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth about $305,000. KBC Group NV raised its stake in shares of Cullen/Frost Bankers by 7.2% in the third quarter. KBC Group NV now owns 4,256 shares of the bank's stock worth $476,000 after purchasing an additional 285 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Cullen/Frost Bankers in the third quarter worth approximately $214,000. Natixis Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 300.6% in the third quarter. Natixis Advisors LLC now owns 223,655 shares of the bank's stock valued at $25,018,000 after purchasing an additional 167,828 shares in the last quarter. Finally, Glass Wealth Management Co LLC boosted its position in shares of Cullen/Frost Bankers by 19.9% during the third quarter. Glass Wealth Management Co LLC now owns 35,224 shares of the bank's stock valued at $3,940,000 after buying an additional 5,837 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Trading Down 0.1 %

NYSE CFR traded down $0.09 during trading hours on Tuesday, reaching $122.55. The company's stock had a trading volume of 472,196 shares, compared to its average volume of 433,149. The firm has a fifty day simple moving average of $136.08 and a 200-day simple moving average of $130.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers has a 52 week low of $94.09 and a 52 week high of $147.64. The stock has a market cap of $7.87 billion, a P/E ratio of 13.82, a P/E/G ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. Cullen/Frost Bankers's dividend payout ratio 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.