Cullen/Frost Bankers, Inc. (CFR) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts have a “Hold” consensus on Cullen/Frost Bankers: eight of 13 rate it Hold, four Buy, and one Sell. Their average 12-month price target is $171.55.
• The bank reported quarterly EPS of $2.84, above the $2.80 consensus, while revenue of $603.83 million fell short of the $610.19 million estimate.
• Cullen/Frost declared a quarterly dividend of $1.03 per share, equal to an annualized yield of about 2.7%. Two executives also reported share sales.

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have received an average recommendation of "Hold" from the thirteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $171.55.

Several equities analysts have issued reports on CFR shares. DA Davidson lifted their price target on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a "neutral" rating in a report on Friday, October 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th. Barclays increased their price objective on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday, October 5th. TD Cowen lowered their price objective on Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Finally, Zacks Research downgraded Cullen/Frost Bankers from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd.

Insider Activity

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 2,406 shares of the firm's stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $157.10, for a total value of $377,982.60. Following the completion of the sale, the executive vice president owned 28,406 shares of the company's stock, valued at approximately $4,462,582.60. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew Bradley Henson sold 534 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $159.72, for a total value of $85,290.48. Following the sale, the chief accounting officer owned 317 shares in the company, valued at $50,631.24. The trade was a 62.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.14% of the stock is currently owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently bought and sold shares of the stock. EFG International AG purchased a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at $5,906,000. Squarepoint Ops LLC increased its stake in shares of Cullen/Frost Bankers by 327.0% in the second quarter. Squarepoint Ops LLC now owns 34,023 shares of the bank's stock worth $5,257,000 after acquiring an additional 26,055 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Cullen/Frost Bankers by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank's stock worth $429,204,000 after acquiring an additional 511,784 shares during the period. State Street Corp raised its holdings in shares of Cullen/Frost Bankers by 3.8% during the second quarter. State Street Corp now owns 3,218,249 shares of the bank's stock worth $497,292,000 after purchasing an additional 118,313 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Cullen/Frost Bankers during the second quarter worth $7,345,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Down 1.0%

NYSE:CFR opened at $155.08 on Friday. Cullen/Frost Bankers has a fifty-two week low of $119.14 and a fifty-two week high of $170.80. The stock has a market capitalization of $9.64 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.66 and a beta of 0.52. 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's 50-day simple moving average is $157.27 and its 200-day simple moving average is $149.35.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. The firm had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. During the same quarter in the previous year, the firm earned $2.67 EPS. On average, equities analysts anticipate that Cullen/Frost Bankers will post 11.00 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 Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $1.03 dividend. The ex-dividend date is Monday, November 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 38.33%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and other financial services to individuals and businesses.

Frost Bank's services include consumer and commercial banking, lending, treasury management, and wealth management, including trust and investment services. The company primarily serves customers across Texas through its branches and digital banking channels.

The company traces its roots to 1868, when Thomas Claiborne Frost established a mercantile business in San Antonio; banking became part of the business later in the 19th century.

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