Cullen/Frost Bankers, Inc. (NYSE:CFR) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $94.27.
CFR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, July 14th. Piper Jaffray Companies reissued a “hold” rating and set a $100.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, July 28th. J P Morgan Chase & Co downgraded shares of Cullen/Frost Bankers from a “neutral” rating to an “underweight” rating and cut their target price for the company from $100.00 to $88.00 in a research note on Monday, July 31st. Finally, BidaskClub downgraded shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.
In other news, Director Graham M. Weston purchased 22,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $90.56 per share, for a total transaction of $1,999,655.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.15% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Invictus RG bought a new stake in Cullen/Frost Bankers during the first quarter valued at $109,000. Fiduciary Trust Co. bought a new stake in Cullen/Frost Bankers during the second quarter valued at $136,000. Mosaic Family Wealth LLC boosted its stake in 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 during the last quarter. Americafirst Capital Management LLC bought a new stake in Cullen/Frost Bankers during the first quarter valued at $156,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in 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 during the last quarter. Institutional investors own 80.80% of the company’s stock.
Shares of Cullen/Frost Bankers (NYSE CFR) opened at 86.61 on Monday. The stock has a 50 day moving average price of $93.52 and a 200-day moving average price of $92.01. Cullen/Frost Bankers has a 52-week low of $67.86 and a 52-week high of $99.20. The stock has a market capitalization of $5.56 billion, a PE ratio of 17.06 and a beta of 1.32.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.29. The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.05% and a net margin of 28.92%. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, equities research analysts anticipate that Cullen/Frost Bankers will post $5.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 44.79%.
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About Cullen/Frost Bankers
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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