Cullen/Frost Bankers (NYSE:CFR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cullen/Frost Bankers (NYSE:CFR) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

A number of other analysts also recently issued reports on CFR. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research downgraded Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. DA Davidson increased their target price on Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays upped their price target on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.55.

Cullen/Frost Bankers Stock Up 1.7%

Shares of CFR opened at $160.29 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The company has a market cap of $9.96 billion, a PE ratio of 14.83, a P/E/G ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers has a 52-week low of $119.14 and a 52-week high of $170.80. The business has a fifty day moving average of $157.71 and a 200 day moving average of $148.96.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. During the same quarter last year, the company earned $2.67 earnings per share. On average, sell-side analysts expect that Cullen/Frost Bankers will post 10.97 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th. Cullen/Frost Bankers’s dividend payout ratio is presently 38.33%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 2,406 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $157.10, for a total value of $377,982.60. Following the completion of the transaction, the executive vice president owned 28,406 shares in the company, valued at approximately $4,462,582.60. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.14% of the stock is owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. boosted its holdings in Cullen/Frost Bankers by 2.2% in the second quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock worth $539,000 after acquiring an additional 75 shares in the last quarter. Reyes Financial Architecture Inc. increased its stake in shares of Cullen/Frost Bankers by 14.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 611 shares of the bank’s stock worth $93,000 after acquiring an additional 77 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Cullen/Frost Bankers by 4.4% in the 3rd quarter. D.A. Davidson & CO. now owns 1,947 shares of the bank’s stock worth $297,000 after acquiring an additional 82 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Cullen/Frost Bankers by 0.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock valued at $1,771,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in Cullen/Frost Bankers by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 15,164 shares of the bank’s stock worth $2,079,000 after purchasing an additional 100 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

More Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks upgraded CFR to a Rank #2 (Buy), citing growing optimism about the bank’s earnings prospects. The upgrade may attract momentum-oriented investors and reinforces expectations for improving results. Cullen/Frost Upgraded to Buy: Here’s Why
• Positive Sentiment: Cullen/Frost’s third-quarter earnings call highlighted continued business growth. This follows quarterly earnings of $2.84 per share, ahead of the $2.80 consensus estimate, which has helped strengthen the investment case despite revenue coming in slightly below expectations. Cullen/Frost Bankers Earnings Call Highlights Growth
• Positive Sentiment: TD Cowen initiated or reiterated a Buy rating on Cullen/Frost, adding to the positive analyst sentiment around the stock. Cullen/Frost Bankers Receives a Buy from TD Cowen
• Positive Sentiment: Wall Street Zen also upgraded its rating on CFR, providing another favorable signal for investor sentiment. Cullen/Frost Bankers Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Evercore ISI reaffirmed its Hold rating, suggesting the firm sees limited near-term catalysts relative to the stock’s valuation. Evercore ISI Reaffirms Hold Rating
• Negative Sentiment: Keefe, Bruyette & Woods downgraded CFR from Outperform to Market Perform and reduced its price target to $175 from $180. Although the target still implies upside, the downgrade signals more cautious expectations.
• Negative Sentiment: Executive Vice President Bobby Berman sold 2,406 shares worth approximately $378,000, reducing his holdings by 7.81%. While not necessarily fundamental, insider selling can weigh modestly on sentiment.

Cullen/Frost Bankers Company Profile

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 personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.