Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Target Price at $132.14

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has been given a consensus rating of "Hold" by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $132.14.

Several brokerages have recently issued reports on CFR. Royal Bank of Canada decreased their price target 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. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a research report on Friday, May 2nd. Stephens lifted their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price objective for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction on Friday, May 2nd. The shares were 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 directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. The trade was a 50.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after buying an additional 66,243 shares during the period. Boston Trust Walden Corp increased its stake in Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after purchasing an additional 60,187 shares during the period. Dimensional Fund Advisors LP lifted its position in Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after purchasing an additional 6,159 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after purchasing an additional 1,005,160 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $0.20 on Wednesday, reaching $124.80. 223,723 shares of the company's stock traded hands, compared to its average volume of 464,711. The stock's 50 day simple moving average is $118.71 and its two-hundred day simple moving average is $131.03. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 52-week low of $94.09 and a 52-week high of $147.64. The stock has a market cap of $8.02 billion, a PE ratio of 14.07, a PEG ratio of 6.46 and a beta of 0.67.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The company had revenue of $560.42 million for the quarter, compared to analysts' expectations of $540.57 million. During the same period in the previous year, the business posted $2.15 EPS. On average, analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 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.