Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $117.92 Consensus Target Price from Brokerages

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $117.46.

A number of equities research analysts recently weighed in on CFR shares. Truist Financial reduced their price target on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a research report on Monday. UBS Group raised their price target on Cullen/Frost Bankers from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Stephens boosted their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Evercore ISI upped their price target on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a research report on Thursday, March 28th.

Insider Activity

In related news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Bracher sold 9,820 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at $10,543,972. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Cullen/Frost Bankers by 40.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,376 shares of the bank’s stock valued at $155,000 after buying an additional 395 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Cullen/Frost Bankers by 0.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 49,766 shares of the bank’s stock valued at $5,602,000 after acquiring an additional 157 shares in the last quarter. Principal Financial Group Inc. raised its position in Cullen/Frost Bankers by 1.6% during the first quarter. Principal Financial Group Inc. now owns 821,103 shares of the bank’s stock worth $92,432,000 after acquiring an additional 12,897 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Cullen/Frost Bankers by 18.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,007 shares of the bank’s stock valued at $114,000 after purchasing an additional 155 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in shares of Cullen/Frost Bankers in the first quarter valued at approximately $1,000,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Down 1.6 %

Shares of NYSE CFR opened at $105.38 on Friday. The business has a 50-day moving average of $109.11 and a two-hundred day moving average of $104.08. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.04. Cullen/Frost Bankers has a 1 year low of $82.25 and a 1 year high of $120.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter in the previous year, the business earned $2.70 earnings per share. On average, analysts forecast that Cullen/Frost Bankers will post 8.46 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.49%. The ex-dividend date is Friday, May 31st. Cullen/Frost Bankers’s payout ratio is 43.50%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.