Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $176.00 at Royal Bank Of Canada

Cullen/Frost Bankers (NYSE:CFR) had its price objective lifted by Royal Bank Of Canada from $168.00 to $176.00 in a research report report published on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the bank’s stock.

A number of other analysts have also recently issued reports on CFR. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Morgan Stanley boosted their price objective on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday, June 29th. Finally, Stephens increased their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $157.00.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $166.47 on Friday. The business’s fifty day moving average price is $151.51 and its 200 day moving average price is $143.62. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $169.09. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $10.45 billion, a P/E ratio of 15.73, a PEG ratio of 2.92 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.55 by $0.15. The company had revenue of $608.65 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.64% and a net margin of 29.29%.During the same period in the prior year, the firm posted $2.39 earnings per share. As a group, research analysts anticipate that Cullen/Frost Bankers will post 10.57 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 annualized dividend and a yield of 2.5%. Cullen/Frost Bankers’s payout ratio is 40.12%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in CFR. Private Advisor Group LLC lifted its position in shares of Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after purchasing an additional 94 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Cullen/Frost Bankers by 0.5% in the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after purchasing an additional 98 shares during the period. Evolve Private Wealth LLC grew its holdings in Cullen/Frost Bankers by 6.0% during the 1st quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock valued at $237,000 after purchasing an additional 98 shares in the last quarter. Covestor Ltd grew its holdings in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Cullen/Frost Bankers by 0.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock worth $1,771,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

More Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Q2 earnings beat expectations: Cullen/Frost reported $2.70 in diluted EPS, up from $2.39 a year earlier, exceeding the $2.55 consensus estimate. Revenue of approximately $608.7 million also surpassed the $589.7 million forecast. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Healthy operating trends: Taxable-equivalent net interest income rose 4.3% year over year to $470.1 million, average loans increased 7.4% to $22.6 billion, and non-interest income climbed 9.4% to $128.3 million. Improved credit quality and a record loan pipeline also helped reinforce the growth outlook. Cullen-Frost Q2 Earnings Beat
• Positive Sentiment: More bullish analyst views: Stephens raised its price target from $169 to $183 and upgraded its stance to “overweight.” Keefe, Bruyette & Woods lifted its target to $175 with an “outperform” rating, while RBC raised its target to $176 but maintained a “sector perform” rating. Analyst Price Target Updates
• Positive Sentiment: Capital returns remain supportive: The bank declared a quarterly common-stock dividend of $1.03 per share, representing an annualized yield of roughly 2.5%, and repurchased approximately $90 million of its shares during the quarter.
• Neutral Sentiment: Mixed analyst consensus: Despite the target increases, brokerages collectively maintain an average “hold” recommendation, suggesting that some investors view the recent gains and valuation as largely reflected in the stock price. Average Hold Recommendation
• Negative Sentiment: Expense growth remains a consideration: Non-interest expense rose 4.2% year over year to $361.7 million, which could limit profit expansion if operating costs accelerate faster than revenue.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.