Cullen/Frost Bankers (NYSE:CFR) Price Target Cut to $120.00 by Analysts at Morgan Stanley

Cullen/Frost Bankers (NYSE:CFR - Free Report) had its price target cut by Morgan Stanley from $132.00 to $120.00 in a research report released on Thursday,Benzinga reports. They currently have an underweight rating on the bank's stock.

CFR has been the subject of a number of other reports. Evercore ISI increased their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of 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. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Compass Point boosted their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $132.77.

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Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock traded up $1.80 during trading on Thursday, reaching $124.42. The company's stock had a trading volume of 781,707 shares, compared to its average volume of 427,435. The company has a 50-day moving average price of $136.81 and a two-hundred day moving average price of $130.26. 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 cap of $7.99 billion, a PE ratio of 14.03, a P/E/G ratio of 6.46 and a beta of 0.97. 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 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%. On average, analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.05%. Cullen/Frost Bankers's payout ratio is 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd raised its holdings in shares of Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after acquiring an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its stake in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Brooklyn Investment Group purchased a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $44,000. Finally, Blue Trust Inc. boosted its stake in shares of Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other 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.