Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $94.30 Average PT from Brokerages

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%.

ILLEGAL ACTIVITY NOTICE: “Cullen/Frost Bankers, Inc. (NYSE:CFR) Receives $94.30 Average PT from Brokerages” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.com-unik.info/2017/08/12/cullenfrost-bankers-inc-nysecfr-receives-average-rating-of-hold-from-analysts-updated-updated-updated.html.

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.

Analyst Recommendations for Cullen/Frost Bankers (NYSE:CFR)

What are top analysts saying about Cullen/Frost Bankers Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cullen/Frost Bankers Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit