Cullen/Frost Bankers, Inc. (NYSE:CFR) Given Average Recommendation of “Hold” by Analysts

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) have earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $113.77.

Several equities research analysts have commented on CFR shares. JPMorgan Chase & Co. dropped their price target on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Royal Bank of Canada increased their target price on Cullen/Frost Bankers from $118.00 to $119.00 and gave the company a “sector perform” rating in a research note on Tuesday. DA Davidson reiterated a “buy” rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Truist Financial lowered their target price on Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating for the company in a research note on Monday. Finally, Evercore ISI lowered their target price on Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Cullen/Frost Bankers by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after buying an additional 131,726 shares in the last quarter. Anchor Investment Management LLC bought a new position in Cullen/Frost Bankers during the fourth quarter valued at about $1,069,000. Westwood Holdings Group Inc. raised its holdings in Cullen/Frost Bankers by 4.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock valued at $40,345,000 after buying an additional 15,981 shares in the last quarter. Oak Harvest Investment Services bought a new position in Cullen/Frost Bankers during the first quarter valued at about $2,972,000. Finally, Goldman Sachs Group Inc. raised its holdings in Cullen/Frost Bankers by 44.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after buying an additional 244,197 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Up 1.2 %

CFR opened at $100.04 on Thursday. The business’s fifty day moving average is $101.36 and its two-hundred day moving average is $105.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.22 and a beta of 1.03. Cullen/Frost Bankers has a one year low of $82.25 and a one year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating 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%. The business had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. During the same period in the prior year, the business earned $2.70 earnings per share. Analysts anticipate that Cullen/Frost Bankers will post 8.42 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Thursday, May 30th. Cullen/Frost Bankers’s payout ratio is 43.50%.

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.