Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives Consensus Rating of “Hold” from Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $125.43.

CFR has been the topic of several analyst reports. Truist Financial cut their price target on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, September 30th. Maxim Group boosted their price target 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. Finally, Stephens upped their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $126.31, for a total value of $442,842.86. Following the transaction, the executive vice president now directly owns 26,661 shares in the company, valued at $3,367,550.91. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Howard L. Kasanoff sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $399,525.92. This represents a 58.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,864 shares of company stock valued at $2,977,033. 2.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at $2,037,000. Franklin Resources Inc. boosted its holdings in Cullen/Frost Bankers by 167.8% during the 3rd quarter. Franklin Resources Inc. now owns 7,507 shares of the bank’s stock valued at $901,000 after acquiring an additional 4,704 shares during the period. Tidal Investments LLC grew its position in Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after acquiring an additional 4,348 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Cullen/Frost Bankers during the third quarter worth about $29,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Cullen/Frost Bankers by 17.7% during the third quarter. Sanctuary Advisors LLC now owns 24,170 shares of the bank’s stock worth $2,704,000 after purchasing an additional 3,638 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $138.26 on Friday. Cullen/Frost Bankers has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a market capitalization of $8.87 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The stock’s fifty day moving average is $129.80 and its two-hundred day moving average is $114.49. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 earnings per share. As a group, analysts expect that Cullen/Frost Bankers will post 8.75 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.75%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 47.15%.

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.