Cullen/Frost Bankers (NYSE:CFR) Stock Gets Price Target Trim from Cantor Fitzgerald

Cullen/Frost Bankers (NYSE:CFR – Free Report) had its target price cut by Cantor Fitzgerald from $175.00 to $167.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a neutral rating on the bank’s stock.

Several other analysts also recently weighed in on CFR. TD Cowen decreased their price target on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Barclays boosted their price target on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. Morgan Stanley increased their price objective on Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. Stephens raised their price objective on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $169.36.

Check Out Our Latest Report on Cullen/Frost Bankers

Cullen/Frost Bankers Trading Up 0.5%

CFR stock opened at $154.84 on Wednesday. The company has a market capitalization of $9.62 billion, a PE ratio of 14.55, a P/E/G ratio of 1.79 and a beta of 0.56. Cullen/Frost Bankers has a 12 month low of $119.14 and a 12 month high of $170.80. The firm’s 50-day moving average is $159.74 and its 200 day moving average is $151.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted $2.39 EPS. On average, research analysts anticipate that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

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

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently made changes to their positions in CFR. TD Waterhouse Canada Inc. grew its stake in Cullen/Frost Bankers by 35.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,670 shares of the bank’s stock worth $256,000 after buying an additional 441 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in Cullen/Frost Bankers in the third quarter valued at about $229,000. GK Wealth Management LLC purchased a new stake in Cullen/Frost Bankers in the third quarter valued at about $32,000. Wedmont Private Capital raised its stake in Cullen/Frost Bankers by 108.2% in the third quarter. Wedmont Private Capital now owns 2,682 shares of the bank’s stock valued at $409,000 after buying an additional 1,394 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Cullen/Frost Bankers by 7.1% in the third quarter. GAMMA Investing LLC now owns 8,916 shares of the bank’s stock worth $1,361,000 after acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

(Get Free Report)

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas, and the parent company of Frost Bank. Through Frost, the company provides banking, investment, and financial services to individuals, businesses, and institutions.

Frost Bank offers personal and business deposit accounts, consumer and commercial lending, treasury management, payment services, and other banking products. Its wealth management operations provide trust, investment management, and financial planning services, while the company also offers services related to insurance and investment banking.

Founded in 1868 by Thomas Claiborne Frost, the company has a long history of serving Texas markets.

Further Reading

Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

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