Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Average Rating of "Hold" from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have been assigned an average rating of "Hold" from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $121.31.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, June 27th. Evercore ISI dropped their price target on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Morgan Stanley decreased their target price on Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating for the company in a report on Monday, September 30th. Finally, Citigroup cut their price target on Cullen/Frost Bankers from $107.00 to $104.00 and set a "sell" rating on the stock in a report on Monday, September 30th.

Cullen/Frost Bankers Trading Down 0.4 %

Shares of NYSE CFR traded down $0.47 during trading on Friday, hitting $123.60. 465,386 shares of the company were exchanged, compared to its average volume of 440,367. The company has a fifty day moving average price of $111.90 and a 200-day moving average price of $107.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $7.94 billion, a PE ratio of 14.62, a P/E/G ratio of 1.47 and a beta of 1.00. Cullen/Frost Bankers has a 12-month low of $82.25 and a 12-month high of $124.91.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $528.81 million for the quarter, compared to analyst estimates of $506.83 million. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. During the same quarter in the prior year, the company posted $2.47 EPS. As a group, equities research analysts expect that Cullen/Frost Bankers will post 8.59 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.92. This represents a $3.80 annualized dividend and a yield of 3.07%. Cullen/Frost Bankers's dividend payout ratio is 44.92%.

Insiders Place Their Bets

In other news, EVP Candace K. Wolfshohl sold 5,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $119.65, for a total transaction of $598,250.00. Following the transaction, the executive vice president now directly owns 18,753 shares in the company, valued at $2,243,796.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the sale, the executive vice president now directly owns 1,598 shares in the company, valued at $190,481.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Candace K. Wolfshohl sold 5,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $119.65, for a total value of $598,250.00. Following the completion of the sale, the executive vice president now owns 18,753 shares of the company's stock, valued at approximately $2,243,796.45. This represents 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 owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of CFR. Asset Dedication LLC grew its position in shares of Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after buying an additional 105 shares in the last quarter. CWM LLC raised its stake in Cullen/Frost Bankers by 46.5% during the 1st quarter. CWM LLC now owns 334 shares of the bank's stock valued at $38,000 after acquiring an additional 106 shares in the last quarter. Whittier Trust Co. lifted its holdings in Cullen/Frost Bankers by 90.7% in the first quarter. Whittier Trust Co. now owns 391 shares of the bank's stock worth $44,000 after purchasing an additional 186 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $54,000. Finally, GAMMA Investing LLC boosted its stake in Cullen/Frost Bankers by 40.7% during the 1st quarter. GAMMA Investing LLC now owns 574 shares of the bank's stock valued at $65,000 after purchasing an additional 166 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other 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.