Cullen/Frost Bankers (NYSE:CFR) Downgraded to Neutral Rating by DA Davidson

DA Davidson downgraded shares of Cullen/Frost Bankers (NYSE:CFR - Free Report) from a buy rating to a neutral rating in a report published on Monday morning, Marketbeat reports. They currently have $143.00 target price on the bank's stock, up from their prior target price of $138.00. DA Davidson also issued estimates for Cullen/Frost Bankers' Q1 2025 earnings at $2.17 EPS, FY2025 earnings at $9.22 EPS and FY2026 earnings at $9.47 EPS.

A number of other equities analysts have also recently commented on CFR. Royal Bank of Canada reiterated a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Maxim Group lifted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Compass Point lifted 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, Citigroup increased their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $130.31.

Cullen/Frost Bankers Stock Up 0.5 %

CFR traded up $0.74 on Monday, hitting $141.03. 226,155 shares of the company were exchanged, compared to its average volume of 456,123. The stock's fifty day moving average is $137.57 and its 200-day moving average is $125.49. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $9.04 billion, a PE ratio of 15.90, a PEG ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced 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 18.81% and a return on equity of 16.04%. Equities research analysts predict that Cullen/Frost Bankers will post 8.66 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 42.84%.

Insiders Place Their Bets

In related news, insider Paul Bracher sold 11,500 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade 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 this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the sale, the executive vice president now owns 2,888 shares in the company, valued at $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,858 shares of company stock worth $4,137,865 in the last 90 days. Company insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd raised its holdings in shares of Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Cullen/Frost Bankers in the third quarter worth about $29,000. Asset Dedication LLC grew 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 valued at $30,000 after purchasing an additional 105 shares during the last quarter. UMB Bank n.a. increased its position in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at approximately $44,000. 86.90% of the stock is currently owned by institutional investors.

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.