Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $144.00 at Evercore ISI

Cullen/Frost Bankers (NYSE:CFR - Free Report) had its price objective upped by Evercore ISI from $136.00 to $144.00 in a research report released on Monday,Benzinga reports. Evercore ISI currently has an underperform rating on the bank's stock.

Several other equities analysts have also recently weighed in on the company. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Citigroup increased their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. Maxim Group boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Stephens increased their target price 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. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average price target of $132.54.

Cullen/Frost Bankers Trading Up 1.2 %

CFR traded up $1.68 during mid-day trading on Monday, hitting $143.12. The stock had a trading volume of 213,053 shares, compared to its average volume of 446,210. The stock's fifty day simple moving average is $137.63 and its 200-day simple moving average is $126.24. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers has a 1-year low of $94.09 and a 1-year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. As a group, research analysts forecast that Cullen/Frost Bankers will post 8.69 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.66%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated 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 transaction, the insider now directly owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently bought and sold shares of CFR. Covestor Ltd increased its position in Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $29,000. Asset Dedication LLC increased its holdings in shares of Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after acquiring an additional 105 shares during the last quarter. 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 acquiring an additional 77 shares during the period. Finally, Brooklyn Investment Group bought a new position in Cullen/Frost Bankers during the third quarter worth $44,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.