Cullen/Frost Bankers (NYSE:CFR) Price Target Increased to $121.00 by Analysts at Jefferies Financial Group

Cullen/Frost Bankers (NYSE:CFR - Free Report) had its price objective upped by Jefferies Financial Group from $119.00 to $121.00 in a research report released on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the bank's stock.

CFR has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their target price on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an overweight rating in a research report on Thursday. Royal Bank of Canada reaffirmed a sector perform rating and issued a $118.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 26th. Wedbush restated a neutral rating and issued a $115.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 26th. DA Davidson reiterated a buy rating and set a $126.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods dropped their target price on Cullen/Frost Bankers from $125.00 to $118.00 and set a market perform rating on the stock in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $117.92.

Cullen/Frost Bankers Stock Up 1.7 %

Shares of NYSE:CFR traded up $1.87 during trading on Monday, reaching $112.28. 225,209 shares of the stock traded hands, compared to its average volume of 415,037. Cullen/Frost Bankers has a 52-week low of $82.25 and a 52-week high of $120.31. The stock has a market cap of $7.21 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The stock has a 50-day moving average of $107.57 and a two-hundred day moving average of $101.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $2.01 by $0.17. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. The business had revenue of $523.66 million for the quarter, compared to the consensus estimate of $498.09 million. As a group, sell-side analysts expect that Cullen/Frost Bankers will post 8.44 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.92 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.68 dividend on an annualized basis and a yield of 3.28%. Cullen/Frost Bankers's payout ratio is presently 40.44%.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 1,312 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares of the company's stock, valued at $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of large investors have recently made changes to their positions in CFR. Macquarie Group Ltd. bought a new stake in Cullen/Frost Bankers in the first quarter worth about $25,000. Lazard Asset Management LLC bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth approximately $26,000. NBC Securities Inc. purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in Cullen/Frost Bankers in the 4th quarter valued at $33,000. Finally, Arvest Investments Inc. purchased a new stake in Cullen/Frost Bankers in the fourth quarter worth $35,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.