Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Has Average Price Target of $170.09 According to Analysts

by · The Markets Daily

Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Free Report) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $169.36.

A number of analysts have weighed in on the company. Zacks Research cut Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Cantor Fitzgerald decreased their target price on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada cut their price target on shares of Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a report on Friday, October 9th.

View Our Latest Research Report on CFR

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFR. BlackRock Inc. acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $1,133,453,000. State Street Corp lifted its position in Cullen/Frost Bankers by 3.8% during the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock valued at $497,292,000 after buying an additional 118,313 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Cullen/Frost Bankers by 22.6% during the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after buying an additional 511,784 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after buying an additional 236,808 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $154.84 on Wednesday. The firm’s fifty day simple moving average is $159.74 and its 200-day simple moving average is $151.93. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 14.55, a PEG 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 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 issued its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The firm had revenue of $576.01 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $2.39 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers will post 10.94 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

About Cullen/Frost Bankers

(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.

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