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

Key Points

• Cullen/Frost Bankers, Inc. (NYSE:CFR) has received an average rating of "Reduce" from analysts, with three sell recommendations, nine holds, and two buys among the fourteen brokerages covering the firm.
• The bank recently reported a quarterly earnings per share (EPS) of $2.39, exceeding analyst estimates by $0.11, with a revenue of $567.83 million during the same period.
• Cullen/Frost Bankers announced a quarterly dividend of $1.00 per share, set to be paid on September 15th, representing a yield of 3.1% with a payout ratio of 43.06%.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has been given an average rating of "Reduce" by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $134.00.

CFR has been the subject of several research reports. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target for the company. Raymond James Financial cut their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Cantor Fitzgerald began coverage on shares of Cullen/Frost Bankers in a research report on Wednesday. They set a "neutral" rating and a $138.00 target price on the stock. Finally, Barclays lowered their target price on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CFR. Alpine Bank Wealth Management acquired a new position in Cullen/Frost Bankers during the 1st quarter valued at about $30,000. Hantz Financial Services Inc. raised its holdings in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank's stock worth $34,000 after purchasing an additional 264 shares in the last quarter. eCIO Inc. bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $36,000. Geneos Wealth Management Inc. raised its holdings in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock worth $46,000 after purchasing an additional 106 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Cullen/Frost Bankers by 59.6% in the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock worth $49,000 after purchasing an additional 146 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

CFR traded down $0.46 during midday trading on Tuesday, hitting $127.55. 311,366 shares of the company were exchanged, compared to its average volume of 434,970. The company's 50 day simple moving average is $130.43 and its 200 day simple moving average is $125.90. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 1-year low of $100.31 and a 1-year high of $147.64. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74.

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

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.1%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.06%.

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.