Cullen/Frost Bankers (NYSE:CFR) PT Lowered to $100.00

Cullen/Frost Bankers (NYSE:CFR) had its price target decreased by Evercore ISI from $109.00 to $100.00 in a research report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an underperform rating on the bank’s stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group lifted their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a hold rating in a report on Monday, April 8th. DA Davidson reiterated a buy rating and set a $126.00 price objective on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an overweight rating in a report on Thursday, April 4th. Royal Bank of Canada reissued a sector perform rating and set a $118.00 target price on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. Finally, StockNews.com raised Cullen/Frost Bankers to a sell rating in a research note on Saturday, May 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $115.69.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $101.67 on Tuesday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02. The company has a 50 day simple moving average of $103.05 and a 200-day simple moving average of $105.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers has a 52-week low of $82.25 and a 52-week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating the consensus estimate of $2.13 by $0.02. The company had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter last year, the company posted $2.70 earnings per share. Equities research analysts predict that Cullen/Frost Bankers will post 8.42 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.62%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.50%.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds have recently added to or reduced their stakes in the business. First National Bank of Hutchinson boosted its position in shares of Cullen/Frost Bankers by 1.6% during the first quarter. First National Bank of Hutchinson now owns 6,336 shares of the bank’s stock valued at $713,000 after buying an additional 102 shares during the last quarter. CWM LLC increased its position in shares of Cullen/Frost Bankers by 46.5% during the 1st quarter. CWM LLC now owns 334 shares of the bank’s stock valued at $38,000 after purchasing an additional 106 shares during the last quarter. Commerce Bank grew its position in Cullen/Frost Bankers by 1.0% during the 4th quarter. Commerce Bank now owns 13,047 shares of the bank’s stock worth $1,415,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Cullen/Frost Bankers by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,995 shares of the bank’s stock worth $2,371,000 after acquiring an additional 130 shares during the last quarter. Finally, Cardinal Capital Management lifted its holdings in Cullen/Frost Bankers by 1.3% in the 4th quarter. Cardinal Capital Management now owns 10,459 shares of the bank’s stock worth $1,135,000 after buying an additional 130 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Company Profile

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.