Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $144.00

Cullen/Frost Bankers (NYSE:CFR) had its price objective hoisted by Evercore ISI from $136.00 to $144.00 in a report issued on Monday morning,Benzinga reports. Evercore ISI currently has an underperform rating on the bank’s stock.

Several other equities research analysts have also recently issued reports on the company. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stephens lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Maxim Group lifted their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup lifted their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $132.54.

Cullen/Frost Bankers Trading Down 0.5 %

Shares of CFR stock opened at $141.49 on Monday. Cullen/Frost Bankers has a 12-month low of $94.09 and a 12-month high of $147.64. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $137.63 and its 200-day moving average price is $126.24. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. Equities research analysts predict that Cullen/Frost Bankers will post 8.69 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.69%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phillip D. Green sold 14,358 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now owns 94,423 shares of the company’s stock, valued at $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Cullen/Frost Bankers by 0.4% in the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock valued at $2,370,000 after purchasing an additional 74 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Cullen/Frost Bankers by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after purchasing an additional 77 shares during the period. UMB Bank n.a. boosted its holdings in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after purchasing an additional 77 shares during the period. Keene & Associates Inc. raised its stake in Cullen/Frost Bankers by 1.7% in the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after buying an additional 89 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.