Weekly Research Analysts’ Ratings Updates for Cullen/Frost Bankers (CFR)

Several analysts have recently updated their ratings and price targets for Cullen/Frost Bankers (NYSE: CFR):

• 8/5/2024 – Cullen/Frost Bankers was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $121.00 price target on the stock, up previously from $112.00.
• 7/29/2024 – Cullen/Frost Bankers had its price target raised by analysts at Truist Financial Co. from $102.00 to $126.00. They now have a “hold” rating on the stock.
• 7/26/2024 – Cullen/Frost Bankers had its price target raised by analysts at Royal Bank of Canada from $119.00 to $120.00. They now have a “sector perform” rating on the stock.
• 7/26/2024 – Cullen/Frost Bankers had its price target raised by analysts at Wedbush from $106.00 to $124.00. They now have a “neutral” rating on the stock.
• 7/26/2024 – Cullen/Frost Bankers had its price target raised by analysts at Stephens from $116.00 to $131.00. They now have an “equal weight” rating on the stock.
• 7/26/2024 – Cullen/Frost Bankers had its price target raised by analysts at DA Davidson from $127.00 to $134.00. They now have a “buy” rating on the stock.
• 7/26/2024 – Cullen/Frost Bankers had its price target raised by analysts at Maxim Group from $132.00 to $138.00. They now have a “buy” rating on the stock.
• 7/9/2024 – Cullen/Frost Bankers had its price target raised by analysts at Royal Bank of Canada from $118.00 to $119.00. They now have a “sector perform” rating on the stock.
• 7/8/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Truist Financial Co. from $115.00 to $102.00. They now have a “hold” rating on the stock.
• 7/3/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Jefferies Financial Group Inc. from $117.00 to $108.00. They now have a “hold” rating on the stock.
• 6/27/2024 – Cullen/Frost Bankers had its price target lowered by analysts at JPMorgan Chase & Co. from $140.00 to $130.00. They now have an “overweight” rating on the stock.
• 6/25/2024 – Cullen/Frost Bankers had its price target lowered by analysts at Evercore ISI from $109.00 to $100.00. They now have an “underperform” rating on the stock.

Cullen/Frost Bankers Trading Up 0.4 %

CFR stock traded up $0.41 during mid-day trading on Tuesday, reaching $105.91. The company’s stock had a trading volume of 231,534 shares, compared to its average volume of 451,810. The business’s 50 day moving average price is $103.85 and its 200 day moving average price is $106.28. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $82.25 and a 12 month high of $123.17.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. During the same period in the prior year, the firm posted $2.47 earnings per share. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.53 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, August 30th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.50%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total value of $357,600.00. Following the transaction, the executive vice president now owns 1,598 shares of the company’s stock, valued at $190,481.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Candace K. Wolfshohl sold 5,000 shares of Cullen/Frost Bankers stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $119.65, for a total value of $598,250.00. Following the completion of the sale, the executive vice president now owns 18,753 shares of the company’s stock, valued at approximately $2,243,796.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the transaction, the executive vice president now owns 1,598 shares of the company’s stock, valued at approximately $190,481.60. The disclosure for this sale can be found here. 2.89% of the stock is owned by insiders.

Institutional Trading of Cullen/Frost Bankers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Cullen/Frost Bankers in the fourth quarter worth approximately $72,627,000. Champlain Investment Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 18.4% during the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock worth $359,378,000 after acquiring an additional 495,215 shares during the period. Strategic Financial Concepts LLC lifted its position in Cullen/Frost Bankers by 7,109.7% during the second quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank’s stock valued at $255,000 after buying an additional 247,416 shares during the period. Goldman Sachs Group Inc. lifted its position in Cullen/Frost Bankers by 44.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after acquiring an additional 244,197 shares during the period. Finally, Polaris Capital Management LLC boosted its position in shares of Cullen/Frost Bankers by 87.9% in the 4th quarter. Polaris Capital Management LLC now owns 359,100 shares of the bank’s stock worth $38,959,000 after purchasing an additional 168,000 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.