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

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $148.45.

Several analysts recently commented on CFR shares. Wolfe Research downgraded shares of Cullen/Frost Bankers from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, November 2nd. StockNews.com upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Compass Point upgraded Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, August 15th. Stephens increased their price objective on Cullen/Frost Bankers from $149.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th. Finally, Wedbush reiterated a “neutral” rating and issued a $140.00 target price on shares of Cullen/Frost Bankers in a research note on Wednesday, September 28th.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,941 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $151.62, for a total value of $294,294.42. Following the completion of the sale, the executive vice president now owns 24,589 shares of the company’s stock, valued at $3,728,184.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its stake in shares of Cullen/Frost Bankers by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 16,547 shares of the bank’s stock worth $2,188,000 after acquiring an additional 64 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Cullen/Frost Bankers by 0.5% during the second quarter. Thrivent Financial for Lutherans now owns 14,966 shares of the bank’s stock worth $1,743,000 after purchasing an additional 76 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Cullen/Frost Bankers by 0.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,549 shares of the bank’s stock valued at $1,112,000 after purchasing an additional 85 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Cullen/Frost Bankers by 45.5% in the second quarter. Meeder Asset Management Inc. now owns 288 shares of the bank’s stock valued at $34,000 after buying an additional 90 shares in the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of Cullen/Frost Bankers by 3.3% during the 3rd quarter. Wedbush Securities Inc. now owns 2,815 shares of the bank’s stock worth $372,000 after buying an additional 90 shares during the last quarter. 78.85% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $145.11 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. The stock has a market cap of $9.33 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.77 and a beta of 1.14. The stock has a 50 day moving average of $143.94 and a two-hundred day moving average of $132.15. Cullen/Frost Bankers has a twelve month low of $112.67 and a twelve month high of $160.60.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.87 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.40%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 46.71%.

Cullen/Frost Bankers Company Profile

(Get Rating)

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

Read More

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

Receive News & Ratings for Cullen/Frost Bankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers and related companies with MarketBeat.com's FREE daily email newsletter.