Cullen/Frost Bankers (NYSE:CFR) PT Lowered to $123.00 at Wedbush

Cullen/Frost Bankers (NYSE:CFR) had its price target lowered by Wedbush from $124.00 to $123.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock. Wedbush also issued estimates for Cullen/Frost Bankers’ FY2026 earnings at $9.15 EPS.

A number of other research firms have also issued reports on CFR. Stephens raised their price target on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an equal weight rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a sector perform rating in a research note on Friday, July 26th. Jefferies Financial Group cut their price objective on Cullen/Frost Bankers from $117.00 to $108.00 and set a hold rating for the company in a research note on Wednesday, July 3rd. DA Davidson lifted their price target on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a buy rating in a research note on Friday, July 26th. Finally, Morgan Stanley downgraded Cullen/Frost Bankers from an equal weight rating to an underweight rating and increased their price objective for the company from $112.00 to $121.00 in a research note on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $119.64.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $111.80 on Tuesday. Cullen/Frost Bankers has a one year low of $82.25 and a one year high of $123.17. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average price of $110.83 and a 200-day moving average price of $106.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The business had revenue of $528.81 million during the quarter, compared to analyst estimates of $506.83 million. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. During the same period in the previous year, the company posted $2.47 EPS. Equities analysts expect that Cullen/Frost Bankers will post 8.62 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.40%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Friday, August 30th. Cullen/Frost Bankers’s dividend payout ratio is 44.92%.

Insider Transactions 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 dated Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total value of $357,600.00. Following the sale, the executive vice president now directly owns 1,598 shares in the company, valued at $190,481.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the sale, the executive vice president now owns 1,598 shares of the company’s stock, valued at approximately $190,481.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Candace K. Wolfshohl sold 5,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $119.65, for a total transaction of $598,250.00. Following the transaction, the executive vice president now owns 18,753 shares in the company, valued at approximately $2,243,796.45. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Sanctuary Advisors LLC bought a new position in Cullen/Frost Bankers during the 2nd quarter valued at about $2,199,000. Point72 Asset Management L.P. acquired a new position in Cullen/Frost Bankers during the second quarter valued at approximately $13,574,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cullen/Frost Bankers by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock valued at $600,000 after buying an additional 156 shares in the last quarter. Creative Planning increased its stake in Cullen/Frost Bankers by 7.4% during the 2nd quarter. Creative Planning now owns 8,449 shares of the bank’s stock worth $859,000 after purchasing an additional 585 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of Cullen/Frost Bankers by 19.7% in the second quarter. Algert Global LLC now owns 37,301 shares of the bank’s stock valued at $3,791,000 after purchasing an additional 6,143 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.