Analysts Set Cullen/Frost Bankers, Inc. (NYSE:CFR) Price Target at $166.67

Cullen/Frost Bankers, Inc. (NYSE:CFR) has received a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $166.6667.

Several analysts have recently commented on the company. Citigroup raised their target price on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Zacks Research lowered Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Barclays raised their price objective on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $158.80 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $170.80. The company has a fifty day moving average of $163.63 and a 200-day moving average of $149.41. The firm has a market capitalization of $9.87 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.44 and a beta of 0.52.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period in the prior year, the firm earned $2.39 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.12 annualized dividend and a yield of 2.6%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 38.94%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at $1,133,453,000. Norges Bank bought a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth about $92,904,000. Jupiter Topco LLC acquired a new stake in shares of Cullen/Frost Bankers in the 2nd quarter worth about $94,297,000. William Blair Investment Management LLC bought a new position in Cullen/Frost Bankers in the 2nd quarter valued at about $89,425,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Cullen/Frost Bankers during the 2nd quarter valued at about $80,127,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers commercial and consumer banking products, including deposit accounts, loans, treasury management, payment services, mortgage lending and online and mobile banking. Through its wealth management operations, the company also provides trust, investment management, brokerage and retirement services.