Cullen/Frost Bankers (NYSE:CFR) Given New $145.00 Price Target at Barclays

Key Points

• Barclays reduced its price target for Cullen/Frost Bankers (CFR) from $155.00 to $145.00, while maintaining an "equal weight" rating on the stock, suggesting a potential upside of 17.85% from the previous close.
• CFR experienced a trading decline of 3.4% and has a current price of $123.04, with annual fluctuations between a low of $100.31 and a high of $147.64.
• The consensus rating for Cullen/Frost Bankers is "Hold", with three analysts rating it as a sell, nine as hold, and two as buy, indicating mixed sentiments among investors.

Cullen/Frost Bankers (NYSE:CFR - Free Report) had its target price reduced by Barclays from $155.00 to $145.00 in a report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the bank's stock.

Other equities analysts have also recently issued research reports about the stock. Raymond James Financial raised shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Tuesday, July 8th. Stephens lifted their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada dropped their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $133.71.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded down $0.12 during mid-day trading on Friday, hitting $125.41. The stock had a trading volume of 537,489 shares, compared to its average volume of 437,280. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 2.63 and a beta of 0.70. The company has a 50 day simple moving average of $130.81 and a 200-day simple moving average of $128.51. Cullen/Frost Bankers has a 52 week low of $100.31 and a 52 week high of $147.64. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The company had revenue of $567.83 million for the quarter, compared to the consensus estimate of $552.04 million. During the same period in the previous year, the firm earned $2.21 EPS. On average, research analysts expect that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. Cullen/Frost Bankers's payout ratio is 43.06%.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors have recently added to or reduced their stakes in CFR. Boston Trust Walden Corp lifted its stake in shares of Cullen/Frost Bankers by 5.7% in the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after buying an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cullen/Frost Bankers by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank's stock worth $132,365,000 after buying an additional 30,709 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cullen/Frost Bankers by 8.0% in the first quarter. Northern Trust Corp now owns 1,051,168 shares of the bank's stock worth $131,606,000 after buying an additional 77,592 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Cullen/Frost Bankers by 122,282.2% in the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after buying an additional 1,005,160 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Cullen/Frost Bankers by 13.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 806,752 shares of the bank's stock worth $103,700,000 after buying an additional 95,225 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.