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

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $166.6667.

A number of research analysts recently commented on CFR shares. TD Cowen upped their price target on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Cantor Fitzgerald raised their price objective on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Zacks Research downgraded Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, Barclays increased their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th.

Cullen/Frost Bankers Trading Down 1.2%

Shares of Cullen/Frost Bankers stock opened at $154.31 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63. The business has a fifty day simple moving average of $163.52 and a two-hundred day simple moving average of $149.64. Cullen/Frost Bankers has a 1 year low of $119.00 and a 1 year high of $170.80. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.38 and a beta of 0.52.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. The firm had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period in the previous year, the company earned $2.39 earnings per share. Research analysts forecast that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $1.03 per share. The ex-dividend date was Monday, August 31st. This represents a $4.12 annualized dividend and a yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 38.94%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Cullen/Frost Bankers during the 2nd quarter worth $1,133,453,000. Norges Bank bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $92,904,000. Jupiter Topco LLC acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $94,297,000. William Blair Investment Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $89,425,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $80,127,000. 86.90% of the stock is owned by institutional investors.

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.