Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $131.93 Consensus Target Price from Brokerages

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have earned a consensus recommendation of "Reduce" from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $132.08.

Several analysts recently weighed in on CFR shares. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a report on Friday, May 2nd. Barclays lifted their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Stephens lifted their target price on 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. Morgan Stanley decreased their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank Of Canada decreased their target price on 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.

Cullen/Frost Bankers Stock Up 0.2%

Cullen/Frost Bankers stock traded up $0.21 during midday trading on Thursday, hitting $128.95. The stock had a trading volume of 461,676 shares, compared to its average volume of 459,333. 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 stock has a market cap of $8.29 billion, a P/E ratio of 14.15, a P/E/G ratio of 4.91 and a beta of 0.68. Cullen/Frost Bankers has a 12 month low of $96.94 and a 12 month high of $147.64. The business has a fifty day moving average price of $125.01 and a 200 day moving average price of $128.73.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.13. The firm had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same period in the previous year, the company earned $2.15 earnings per share. Research analysts predict that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.00 per share. The ex-dividend date was Friday, May 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 3.10%. Cullen/Frost Bankers's payout ratio is currently 43.91%.

Insider Transactions at Cullen/Frost Bankers

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

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently added to or reduced their stakes in CFR. GAMMA Investing LLC lifted its position in 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 purchasing an additional 1,005,160 shares during the period. Norges Bank acquired a new stake in Cullen/Frost Bankers in the fourth quarter worth approximately $69,591,000. Impax Asset Management Group plc lifted its position in Cullen/Frost Bankers by 350.8% in the first quarter. Impax Asset Management Group plc now owns 518,387 shares of the bank's stock worth $64,359,000 after purchasing an additional 403,387 shares during the period. Madison Investment Advisors LLC acquired a new stake in Cullen/Frost Bankers in the fourth quarter worth approximately $46,223,000. Finally, Northern Trust Corp lifted its position in Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after purchasing an additional 245,458 shares during the period. 86.90% of the stock is currently 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.