Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $123.86

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has been given an average rating of "Hold" by the fourteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $123.86.

Several research analysts have issued reports on the company. Stephens increased 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. Compass Point increased their price target on Cullen/Frost Bankers from $111.00 to $122.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Maxim Group increased their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Truist Financial cut their price target on Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Finally, DA Davidson increased their price target on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company's stock, valued at $3,367,550.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company's stock, valued at $3,367,550.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares of the company's stock, valued at $399,525.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of large investors have recently made changes to their positions in CFR. Covestor Ltd boosted its stake in Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank's stock valued at $25,000 after buying an additional 141 shares during the period. Asset Dedication LLC boosted its stake in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after buying an additional 105 shares during the period. Brooklyn Investment Group bought a new stake in Cullen/Frost Bankers during the third quarter valued at $44,000. Allworth Financial LP boosted its stake in Cullen/Frost Bankers by 116.6% during the third quarter. Allworth Financial LP now owns 444 shares of the bank's stock valued at $50,000 after buying an additional 239 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Cullen/Frost Bankers during the third quarter valued at $52,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Trading Down 1.6 %

Shares of Cullen/Frost Bankers stock traded down $2.32 on Wednesday, hitting $138.66. 502,587 shares of the company's stock traded hands, compared to its average volume of 458,240. Cullen/Frost Bankers has a one year low of $94.09 and a one year high of $144.89. 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 company has a fifty day moving average of $119.63 and a two-hundred day moving average of $110.45. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The company had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same quarter in the prior year, the company earned $2.38 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Cullen/Frost Bankers will post 8.71 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, November 29th. Cullen/Frost Bankers's payout ratio is 47.15%.

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.