Cullen/Frost Bankers (NYSE:CFR) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Cullen/Frost Bankers (NYSE:CFR - Free Report) in a research report report published on Tuesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $130.00 target price on the bank's stock.

A number of other brokerages have also recently issued reports on CFR. Morgan Stanley dropped their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Royal Bank of Canada restated a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Compass Point increased their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $132.57.

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Cullen/Frost Bankers Stock Down 4.5 %

Shares of CFR stock traded down $5.03 on Tuesday, hitting $106.68. 1,226,018 shares of the stock were exchanged, compared to its average volume of 458,720. The business has a 50-day moving average of $132.13 and a 200 day moving average of $131.20. Cullen/Frost Bankers has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The firm has a market capitalization of $6.86 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. 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 (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's payout ratio is presently 42.84%.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company'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 sale, the insider now owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Trading of Cullen/Frost Bankers

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cullen/Frost Bankers by 205.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,844 shares of the bank's stock valued at $1,993,000 after buying an additional 9,977 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Cullen/Frost Bankers in the fourth quarter valued at approximately $408,000. Forum Financial Management LP bought a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $298,000. GTS Securities LLC raised its position in shares of Cullen/Frost Bankers by 364.0% during the fourth quarter. GTS Securities LLC now owns 3,248 shares of the bank's stock worth $436,000 after purchasing an additional 2,548 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cullen/Frost Bankers by 11.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,837 shares of the bank's stock worth $20,384,000 after purchasing an additional 16,051 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

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.