Barclays PLC set a $97.00 target price on Cullen/Frost Bankers, Inc. (NYSE:CFR) in a research report report published on Sunday, July 30th. The brokerage currently has a hold rating on the bank’s stock.
Several other analysts have also recently weighed in on CFR. Zacks Investment Research raised shares of Cullen/Frost Bankers from a hold rating to a buy rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods set a $94.00 price objective on shares of Cullen/Frost Bankers and gave the stock a hold rating in a research note on Monday, April 3rd. Piper Jaffray Companies reaffirmed a hold rating and set a $100.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, July 28th. Stephens set a $97.00 price objective on shares of Cullen/Frost Bankers and gave the stock a hold rating in a research note on Thursday, July 27th. Finally, Maxim Group reaffirmed a buy rating and set a $105.00 price objective on shares of Cullen/Frost Bankers in a research note on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $95.33.
Cullen/Frost Bankers (NYSE:CFR) opened at 86.61 on Friday. The firm has a 50-day moving average of $93.52 and a 200-day moving average of $92.01. Cullen/Frost Bankers has a one year low of $67.86 and a one year high of $99.20. The company has a market cap of $5.56 billion, a PE ratio of 17.06 and a beta of 1.32.
Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.29. The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a net margin of 28.92% and a return on equity of 11.05%. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post $5.27 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.28 annualized dividend and a yield of 2.63%. Cullen/Frost Bankers’s dividend payout ratio is currently 44.79%.
In other Cullen/Frost Bankers news, Director Graham M. Weston acquired 22,081 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average cost of $90.56 per share, for a total transaction of $1,999,655.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.15% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CFR. Invictus RG acquired a new position in shares of Cullen/Frost Bankers during the first quarter valued at $109,000. Fiduciary Trust Co. acquired a new position in shares of Cullen/Frost Bankers during the second quarter valued at $136,000. Mosaic Family Wealth LLC raised its position in shares of Cullen/Frost Bankers by 2.8% in the first quarter. Mosaic Family Wealth LLC now owns 1,638 shares of the bank’s stock valued at $146,000 after buying an additional 44 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Cullen/Frost Bankers during the first quarter valued at $156,000. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Cullen/Frost Bankers by 6.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock valued at $168,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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