Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Free Report) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $157.00.
Several brokerages have recently commented on CFR. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $135.00 to $160.00 in a research report on Monday, July 6th. Barclays boosted their price objective on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Cantor Fitzgerald increased their price objective on Cullen/Frost Bankers from $154.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st.
View Our Latest Research Report on Cullen/Frost Bankers
Insider Buying and Selling at Cullen/Frost Bankers
Institutional Investors Weigh In On Cullen/Frost Bankers
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at $28,000. Covestor Ltd lifted its holdings in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. lifted its holdings in Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Cullen/Frost Bankers in the 1st quarter worth about $41,000. Finally, Geneos Wealth Management Inc. grew its holdings in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.
Cullen/Frost Bankers Stock Performance
NYSE:CFR opened at $166.47 on Friday. The firm has a market capitalization of $10.45 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 2.91 and a beta of 0.53. 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 stock’s 50-day simple moving average is $151.51 and its 200 day simple moving average is $143.68. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $169.09.
Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.15. The company had revenue of $608.65 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same quarter in the prior year, the firm posted $2.39 earnings per share. On average, analysts anticipate that Cullen/Frost Bankers will post 10.79 EPS for the current fiscal year.
Cullen/Frost Bankers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 38.94%.
More Cullen/Frost Bankers News
Here are the key news stories impacting Cullen/Frost Bankers this week:
- Positive Sentiment: Q2 earnings beat expectations: Cullen/Frost reported $2.70 in diluted EPS, up from $2.39 a year earlier, exceeding the $2.55 consensus estimate. Revenue of approximately $608.7 million also surpassed the $589.7 million forecast. Cullen/Frost Reports Second Quarter Results
- Positive Sentiment: Healthy operating trends: Taxable-equivalent net interest income rose 4.3% year over year to $470.1 million, average loans increased 7.4% to $22.6 billion, and non-interest income climbed 9.4% to $128.3 million. Improved credit quality and a record loan pipeline also helped reinforce the growth outlook. Cullen-Frost Q2 Earnings Beat
- Positive Sentiment: More bullish analyst views: Stephens raised its price target from $169 to $183 and upgraded its stance to “overweight.” Keefe, Bruyette & Woods lifted its target to $175 with an “outperform” rating, while RBC raised its target to $176 but maintained a “sector perform” rating. Analyst Price Target Updates
- Positive Sentiment: Capital returns remain supportive: The bank declared a quarterly common-stock dividend of $1.03 per share, representing an annualized yield of roughly 2.5%, and repurchased approximately $90 million of its shares during the quarter.
- Neutral Sentiment: Mixed analyst consensus: Despite the target increases, brokerages collectively maintain an average “hold” recommendation, suggesting that some investors view the recent gains and valuation as largely reflected in the stock price. Average Hold Recommendation
- Negative Sentiment: Expense growth remains a consideration: Non-interest expense rose 4.2% year over year to $361.7 million, which could limit profit expansion if operating costs accelerate faster than revenue.
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.
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