Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $148.73

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $148.7273.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. DA Davidson boosted their price target on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price target for the company in a research note on Tuesday, May 5th. Finally, Barclays boosted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th.

Cullen/Frost Bankers Trading Down 2.0%

Shares of NYSE CFR opened at $145.02 on Thursday. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a market cap of $9.11 billion, a PE ratio of 14.12, a P/E/G ratio of 3.75 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $140.41 and a two-hundred day moving average of $136.95.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. During the same period in the previous year, the firm posted $2.30 earnings per share. As a group, equities analysts expect that Cullen/Frost Bankers will post 10.46 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s payout ratio is presently 40.12%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CFR. Norges Bank acquired a new position in Cullen/Frost Bankers during the fourth quarter valued at approximately $92,904,000. Two Sigma Investments LP grew its holdings in Cullen/Frost Bankers by 2,024.4% during the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock valued at $47,409,000 after purchasing an additional 356,373 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Cullen/Frost Bankers by 16,676.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock valued at $44,760,000 after purchasing an additional 351,363 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after purchasing an additional 236,808 shares during the period. Finally, Fiera Capital Corp acquired a new position in Cullen/Frost Bankers during the third quarter valued at approximately $29,769,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.