Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) PT at $133.71

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%.

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) have earned an average rating of "Reduce" from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $134.00.

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

Cullen/Frost Bankers Trading Up 1.5%

NYSE CFR traded up $1.88 during trading on Tuesday, hitting $127.92. 576,161 shares of the company's stock traded hands, compared to its average volume of 441,648. The stock has a fifty day moving average of $130.77 and a two-hundred day moving average of $126.10. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $147.64. The firm has a market cap of $8.23 billion, a P/E ratio of 13.77, a PEG ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly 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. The company had revenue of $567.83 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $2.21 EPS. As a group, sell-side analysts expect that Cullen/Frost Bankers will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

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

Institutional Trading of Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in Cullen/Frost Bankers by 8.0% in the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank's stock valued at $139,000 after acquiring an additional 80 shares during the period. Cardinal Capital Management grew its stake in shares of Cullen/Frost Bankers by 0.5% during the 2nd quarter. Cardinal Capital Management now owns 17,824 shares of the bank's stock valued at $2,291,000 after purchasing an additional 81 shares during the period. LaSalle St. Investment Advisors LLC increased its position in shares of Cullen/Frost Bankers by 4.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock valued at $271,000 after purchasing an additional 84 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Cullen/Frost Bankers by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank's stock worth $2,327,000 after purchasing an additional 100 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Cullen/Frost Bankers by 0.7% in the second quarter. State of Michigan Retirement System now owns 15,464 shares of the bank's stock worth $1,988,000 after buying an additional 100 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.