Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $127.07 Consensus Target Price from Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have been given a consensus recommendation of "Hold" by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $127.07.

CFR has been the subject of several recent research reports. Truist Financial cut their price target on Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating for the company in a report on Friday, September 20th. Stephens lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Maxim Group upped their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a report on Friday, November 1st. Compass Point raised their price objective on shares of 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, Wedbush decreased their target price on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th.

Insider Activity

In related news, EVP Howard L. Kasanoff sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the sale, the executive vice president now directly owns 2,888 shares in the company, valued at approximately $399,525.92. This represents a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the sale, the executive vice president now owns 26,661 shares in the company, valued at $3,367,550.91. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,864 shares of company stock valued at $2,977,033. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Institutional investors and hedge funds have recently made changes to their positions in the company. Champlain Investment Partners LLC grew its holdings in shares of 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 buying an additional 244,445 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Cullen/Frost Bankers by 10.2% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank's stock valued at $135,252,000 after purchasing an additional 111,719 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after purchasing an additional 66,223 shares during the period. Boston Trust Walden Corp acquired a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $107,166,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cullen/Frost Bankers by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank's stock worth $96,856,000 after purchasing an additional 120,333 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Price Performance

NYSE CFR traded down $1.49 during mid-day trading on Thursday, hitting $132.76. The stock had a trading volume of 247,780 shares, compared to its average volume of 441,271. The firm's 50 day moving average is $136.42 and its 200 day moving average is $118.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.66 and a beta of 0.99. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The business had revenue of $518.04 million during the quarter, compared to analysts' expectations of $517.25 million. During the same period in the prior year, the business earned $2.38 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Cullen/Frost Bankers will post 8.75 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, November 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.86%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 47.15%.

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.