Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Has Consensus Price Target of $166.67 According to Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR) has earned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $166.67.

Several research analysts have issued reports on the stock. Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their target price on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Morgan Stanley upgraded shares of Cullen/Frost Bankers from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $141.00 to $200.00 in a research note on Tuesday, September 8th. Cantor Fitzgerald raised their price target on Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, TD Cowen boosted their price target on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Cullen/Frost Bankers in the 2nd quarter valued at $37,000. Global Retirement Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the 2nd quarter worth $38,000. Covestor Ltd lifted its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Cullen/Frost Bankers in the first quarter valued at about $41,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Cullen/Frost Bankers in the first quarter valued at about $53,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

CFR stock opened at $157.49 on Friday. The company has a market capitalization of $9.79 billion, a P/E ratio of 14.89, a PEG ratio of 2.39 and a beta of 0.52. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $170.80. The business has a 50 day simple moving average of $163.29 and a 200-day simple moving average of $149.84. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The business had revenue of $576.01 million for the quarter, compared to analysts’ expectations of $589.72 million. During the same period in the previous year, the company posted $2.39 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers will post 10.93 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Cullen/Frost Bankers’s payout ratio is presently 38.94%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers commercial and consumer banking products, including deposit accounts, loans, treasury management, payment services, mortgage lending and online and mobile banking. Through its wealth management operations, the company also provides trust, investment management, brokerage and retirement services.