Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $144.00 at Evercore ISI

Cullen/Frost Bankers (NYSE:CFR) had its price target increased by Evercore ISI from $136.00 to $144.00 in a research report released on Monday,Benzinga reports. They currently have an underperform rating on the bank’s stock.

A number of other equities analysts also recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. DA Davidson downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Citigroup upped their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Stephens upped their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $132.54.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $141.49 on Monday. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $137.63 and a 200 day moving average of $126.24.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Cullen/Frost Bankers will post 8.69 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of CFR. GAMMA Investing LLC boosted its stake in shares of Cullen/Frost Bankers by 18.5% during the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock worth $76,000 after acquiring an additional 106 shares in the last quarter. CWM LLC boosted its stake in shares of Cullen/Frost Bankers by 767.4% during the 3rd quarter. CWM LLC now owns 3,383 shares of the bank’s stock worth $378,000 after acquiring an additional 2,993 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of Cullen/Frost Bankers by 8.9% during the 3rd quarter. Procyon Advisors LLC now owns 2,212 shares of the bank’s stock worth $247,000 after acquiring an additional 180 shares in the last quarter. Washington Capital Management Inc. purchased a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth about $548,000. Finally, Asset Dedication LLC boosted its stake in shares of Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.