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

Key Points

• Analysts recommend a "Hold" for Cullen/Frost Bankers, with three analysts rating it as a sell, nine as hold, two as buy, and one as strong buy.
• The average price target for the stock among analysts is approximately $137.31, with its recent stock performance showing a slight increase of 0.7%.
• The bank announced a quarterly dividend of $1.00, resulting in an annualized yield of 3.2% and a payout ratio of approximately 43.06%.

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have been given an average recommendation of "Hold" by the fifteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $137.3077.

Several equities research analysts have issued reports on the stock. TD Cowen raised shares of Cullen/Frost Bankers to a "strong-buy" rating in a research note on Thursday, September 25th. Raymond James Financial decreased their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Barclays decreased their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cullen/Frost Bankers in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a "neutral" rating and a $138.00 price target on the stock.

Cullen/Frost Bankers Stock Up 0.7%

Shares of Cullen/Frost Bankers stock opened at $126.66 on Friday. The firm has a fifty day moving average of $127.46 and a two-hundred day moving average of $125.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $8.15 billion, a P/E ratio of 13.63, a PEG ratio of 2.63 and a beta of 0.71. Cullen/Frost Bankers has a one year low of $100.31 and a one year high of $147.64.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 43.06%.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of the stock. Bayforest Capital Ltd acquired a new position in Cullen/Frost Bankers during the first quarter valued at approximately $241,000. State of Alaska Department of Revenue lifted its position in Cullen/Frost Bankers by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank's stock valued at $942,000 after buying an additional 210 shares in the last quarter. Victory Capital Management Inc. lifted its position in Cullen/Frost Bankers by 55.9% during the first quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank's stock valued at $2,264,000 after buying an additional 6,484 shares in the last quarter. Norden Group LLC acquired a new position in Cullen/Frost Bankers during the first quarter valued at approximately $214,000. Finally, UMB Bank n.a. lifted its position in 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 buying an additional 146 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.

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