Cullen/Frost Bankers (NYSE:CFR) Price Target Lowered to $108.00 at Jefferies Financial Group

Cullen/Frost Bankers (NYSE:CFR) had its price target reduced by Jefferies Financial Group from $117.00 to $108.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the bank’s stock.

Several other equities analysts also recently commented on the company. Truist Financial lowered their price objective on Cullen/Frost Bankers from $121.00 to $115.00 and set a hold rating on the stock in a research report on Monday, April 29th. Evercore ISI lowered their price objective on Cullen/Frost Bankers from $109.00 to $100.00 and set an underperform rating on the stock in a research report on Tuesday, June 25th. Royal Bank of Canada restated a sector perform rating and issued a $118.00 price objective on shares of Cullen/Frost Bankers in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on Cullen/Frost Bankers from $140.00 to $130.00 and set an overweight rating on the stock in a research report on Thursday, June 27th. Finally, DA Davidson reiterated a buy rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of Hold and an average target price of $114.69.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $98.49 on Wednesday. The company has a market capitalization of $6.33 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $102.16 and its 200 day moving average is $105.82. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. The business had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. During the same period in the previous year, the business earned $2.70 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers will post 8.4 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.68 annualized dividend and a yield of 3.74%. Cullen/Frost Bankers’s payout ratio is currently 43.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CFR. ICA Group Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $33,000. Arvest Investments Inc. purchased a new stake in Cullen/Frost Bankers during the fourth quarter worth $35,000. CWM LLC lifted its holdings in Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after buying an additional 106 shares during the period. Whittier Trust Co. lifted its holdings in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after buying an additional 186 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in Cullen/Frost Bankers during the fourth quarter worth $43,000. 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.