Stephens Issues Positive Forecast for Cullen/Frost Bankers (NYSE:CFR) Stock Price

Cullen/Frost Bankers (NYSE:CFR) had its price objective boosted by Stephens from $125.00 to $136.00 in a research report released on Friday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

A number of other equities analysts also recently weighed in on CFR. Evercore ISI decreased their target price on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Truist Financial reduced their price objective on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, September 20th. DA Davidson boosted their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price target on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Morgan Stanley dropped their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $124.00.

Cullen/Frost Bankers Trading Down 0.8 %

CFR opened at $124.91 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52 week low of $91.24 and a 52 week high of $135.00. The stock has a market cap of $8.00 billion, a PE ratio of 15.52, a PEG ratio of 1.56 and a beta of 0.98. The business has a 50 day moving average of $115.61 and a 200-day moving average of $109.02.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million during the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a return on equity of 16.34% and a net margin of 23.98%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 earnings per share. Equities research analysts predict that Cullen/Frost Bankers will post 8.57 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, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 3.04%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 47.15%.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 3,506 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares in the company, valued at $3,367,550.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in Cullen/Frost Bankers by 125.2% during the first quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock valued at $1,338,000 after purchasing an additional 6,610 shares during the period. Natixis purchased a new stake in shares of Cullen/Frost Bankers in the first quarter worth about $957,000. Norden Group LLC acquired a new stake in Cullen/Frost Bankers during the first quarter worth about $1,062,000. American Century Companies Inc. grew its holdings in Cullen/Frost Bankers by 11.9% during the second quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock worth $6,941,000 after acquiring an additional 7,236 shares during the period. Finally, Raymond James & Associates raised its position in Cullen/Frost Bankers by 10.0% during the third quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock valued at $13,361,000 after acquiring an additional 10,884 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.