Brokerages Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $127.07

Cullen/Frost Bankers, Inc. (NYSE:CFR) has been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $129.00.

A number of equities research analysts have recently commented on CFR shares. Compass Point upped their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Citigroup upped their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens upped their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Maxim Group lifted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In related news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. The trade was a 58.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now directly owns 94,423 shares in the company, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its position in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after purchasing an additional 141 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cullen/Frost Bankers during the third quarter worth about $29,000. Asset Dedication LLC raised its position in shares of Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after buying an additional 239 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Down 0.8 %

NYSE CFR opened at $139.39 on Monday. The firm’s fifty day moving average price is $137.88 and its 200 day moving average price is $124.94. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, sell-side analysts expect that Cullen/Frost Bankers will post 8.66 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Cullen/Frost Bankers Company Profile

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.