Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Cullen/Frost Bankers has a consensus “Hold” rating among 13 analysts: seven holds, five buys, and one sell. The average 12-month price target is $170.09, versus the stock’s reported price of $151.47.
• Institutional investors and hedge funds own 86.9% of the company, with several firms recently increasing their positions or initiating new stakes.
• The bank reported quarterly EPS of $2.70, beating estimates of $2.55, while revenue of $576.01 million fell short of expectations. It also pays a quarterly dividend of $1.03, equivalent to a 2.7% annualized yield.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has been given an average rating of "Hold" by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $170.09.

Several brokerages recently issued reports on CFR. Zacks Research cut shares of Cullen/Frost Bankers from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 3rd. Cantor Fitzgerald upped their price target on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Morgan Stanley upped their price target on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an "overweight" rating in a report on Monday, September 28th. TD Cowen cut their price target on Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th.

Institutional Trading of Cullen/Frost Bankers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC raised its position in shares of Cullen/Frost Bankers by 52.8% in the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank's stock worth $16,581,000 after acquiring an additional 45,254 shares during the period. EFG International AG purchased a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth about $5,906,000. First Eagle Investment Management LLC boosted its stake in shares of Cullen/Frost Bankers by 22.6% during the 2nd 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 in the last quarter. Squarepoint Ops LLC grew its position in shares of Cullen/Frost Bankers by 327.0% during the 2nd quarter. Squarepoint Ops LLC now owns 34,023 shares of the bank's stock valued at $5,257,000 after acquiring an additional 26,055 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at about $7,345,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

CFR opened at $151.47 on Wednesday. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $170.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $9.41 billion, a PE ratio of 14.32, a P/E/G ratio of 1.77 and a beta of 0.56. The firm has a 50 day moving average of $160.43 and a two-hundred day moving average of $151.66.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. The business 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 period in the previous year, the business posted $2.39 EPS. On average, analysts anticipate that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

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

About Cullen/Frost Bankers

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.