Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Free Report) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $151.9167.
CFR has been the topic of several recent research reports. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. DA Davidson upped their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley raised their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the company from $135.00 to $160.00 in a report on Monday, July 6th.
Check Out Our Latest Research Report on CFR
Insider Transactions at Cullen/Frost Bankers
Institutional Investors Weigh In On Cullen/Frost Bankers
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Cullen/Frost Bankers by 18.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after buying an additional 236,808 shares during the period. Geode Capital Management LLC grew its position in Cullen/Frost Bankers by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after acquiring an additional 10,246 shares during the period. Bank of America Corp DE raised its stake in Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock worth $165,966,000 after acquiring an additional 127,483 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cullen/Frost Bankers by 2.3% during the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock valued at $122,437,000 after acquiring an additional 21,793 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Cullen/Frost Bankers by 6.2% during the first quarter. First Trust Advisors LP now owns 789,930 shares of the bank’s stock valued at $108,284,000 after acquiring an additional 45,921 shares during the period. 86.90% of the stock is currently owned by institutional investors.
Cullen/Frost Bankers Stock Performance
Shares of CFR traded up $1.77 during trading hours on Monday, reaching $156.92. 461,053 shares of the company traded hands, compared to its average volume of 604,145. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $144.18 and its 200 day moving average is $140.26. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $157.69. The stock has a market cap of $9.85 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.54.
Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last released 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. The business had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period last year, the business earned $2.30 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers will post 10.57 earnings per share for the current fiscal year.
Cullen/Frost Bankers Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 29th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. Cullen/Frost Bankers’s payout ratio is presently 40.12%.
About Cullen/Frost Bankers
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.
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