Cullen/Frost Bankers, Inc. (NYSE:CFR) Given Average Rating of "Reduce" by Analysts

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has received a consensus rating of "Reduce" from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $134.79.

Several equities research analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Tuesday, July 8th. Royal Bank Of Canada reduced their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Barclays increased their target price on shares of Cullen/Frost Bankers from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research note on Friday, May 2nd. Finally, Stephens increased their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd.

Insiders Place Their Bets

In other news, CAO Matthew Bradley Henson acquired 1,870 shares of Cullen/Frost Bankers stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the purchase, the chief accounting officer directly owned 5,545 shares of the company's stock, valued at approximately $93,876.85. This represents a 50.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Bank Wealth Management bought a new position in Cullen/Frost Bankers in the first quarter valued at about $30,000. eCIO Inc. bought a new position in Cullen/Frost Bankers in the first quarter valued at about $36,000. Geneos Wealth Management Inc. boosted its stake in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after purchasing an additional 146 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Cullen/Frost Bankers during the first quarter valued at about $57,000. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Up 0.1%

NYSE CFR opened at $138.71 on Monday. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year 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 0.06. The company has a market capitalization of $8.92 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.94 and a beta of 0.68. The firm's fifty day simple moving average is $129.98 and its 200-day simple moving average is $128.81.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. During the same period in the prior year, the company posted $2.15 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.00 per share. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date was Friday, May 30th. This represents a $4.00 annualized dividend and a yield of 2.88%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.91%.

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.

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