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

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) has received a consensus recommendation of "Reduce" from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $115.77.

Several research firms have recently issued reports on CFR. Royal Bank of Canada restated a "sector perform" rating and set a $118.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Wedbush reissued a "neutral" rating and issued a $115.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 26th. Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an "underperform" rating in a research note on Thursday, March 28th. Compass Point cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Finally, Truist Financial upped their target price on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a "hold" rating in a research note on Monday.

Insider Transactions at Cullen/Frost Bankers

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

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently bought and sold shares of CFR. State Street Corp increased its stake in Cullen/Frost Bankers by 20.7% in the second quarter. State Street Corp now owns 5,409,625 shares of the bank's stock valued at $581,697,000 after purchasing an additional 928,420 shares in the last quarter. Capital Research Global Investors increased its stake in Cullen/Frost Bankers by 39.1% in the first quarter. Capital Research Global Investors now owns 2,408,656 shares of the bank's stock valued at $333,382,000 after purchasing an additional 676,467 shares in the last quarter. Norges Bank bought a new stake in Cullen/Frost Bankers in the fourth quarter valued at approximately $72,627,000. JPMorgan Chase & Co. increased its stake in Cullen/Frost Bankers by 44.5% in the first quarter. JPMorgan Chase & Co. now owns 1,027,531 shares of the bank's stock valued at $108,240,000 after purchasing an additional 316,556 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 44.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank's stock valued at $86,619,000 after purchasing an additional 244,197 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Down 1.6 %

Shares of CFR stock traded down $1.76 on Tuesday, hitting $110.21. The company's stock had a trading volume of 285,847 shares, compared to its average volume of 423,842. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The firm's fifty day moving average price is $107.47 and its 200-day moving average price is $101.51.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.17. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. The firm had revenue of $523.66 million during the quarter, compared to analyst estimates of $498.09 million. Research analysts anticipate that Cullen/Frost Bankers will post 8.47 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.34%. Cullen/Frost Bankers's payout ratio is 40.44%.

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.