Key Points
- Insider sale: EVP Bobby Berman sold 2,406 Cullen/Frost shares for approximately $378,000, reducing his direct ownership by 7.81% to 28,406 shares.
- Quarterly performance: The bank reported earnings of $2.84 per share, beating the $2.80 consensus estimate, while revenue of $603.83 million fell slightly short of expectations.
- Investor outlook: Cullen/Frost declared a quarterly dividend of $1.03 per share, equivalent to a 2.6% yield, while analysts’ average rating remained Hold with an average price target of $171.55.
Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) EVP Bobby Berman sold 2,406 shares of Cullen/Frost Bankers stock in a transaction on Friday, October 30th. The stock was sold at an average price of $157.10, for a total value of $377,982.60. Following the transaction, the executive vice president directly owned 28,406 shares of the company's stock, valued at approximately $4,462,582.60. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Cullen/Frost Bankers Stock Up 1.7%
CFR opened at $160.29 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers, Inc. has a one year low of $119.14 and a one year high of $170.80. The business's fifty day moving average is $157.71 and its two-hundred day moving average is $148.96.
Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The business had revenue of $603.83 million during the quarter, compared to analysts' expectations of $610.19 million. During the same quarter last year, the business posted $2.67 earnings per share. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.97 EPS for the current fiscal year.
Cullen/Frost Bankers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $1.03 dividend. The ex-dividend date is Monday, November 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Cullen/Frost Bankers's payout ratio is currently 38.33%.
Hedge Funds Weigh In On Cullen/Frost Bankers
Institutional investors have recently made changes to their positions in the stock. GK Wealth Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter valued at $32,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Cullen/Frost Bankers during the 2nd quarter worth about $37,000. Global Retirement Partners LLC purchased a new stake in Cullen/Frost Bankers during the 2nd quarter worth about $38,000. Measured Wealth Private Client Group LLC purchased a new stake in Cullen/Frost Bankers during the 1st quarter worth about $41,000. Finally, Root Financial Partners LLC raised its stake in Cullen/Frost Bankers by 90.0% in the 1st quarter. Root Financial Partners LLC now owns 435 shares of the bank's stock valued at $60,000 after purchasing an additional 206 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of Cullen/Frost Bankers from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $180.00 to $175.00 in a report on Monday. Stephens lifted their target price 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, July 31st. Barclays upped their price target on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday, October 5th. TD Cowen lowered their price target on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Finally, DA Davidson raised their price objective on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a "neutral" rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $171.55.
Check Out Our Latest Stock Report on CFR
Cullen/Frost Bankers News Roundup
Here are the key news stories impacting Cullen/Frost Bankers this week:
- Positive Sentiment: Zacks upgraded CFR to a Rank #2 (Buy), citing growing optimism about the bank’s earnings prospects. The upgrade may attract momentum-oriented investors and reinforces expectations for improving results. Cullen/Frost Upgraded to Buy: Here’s Why
- Positive Sentiment: Cullen/Frost’s third-quarter earnings call highlighted continued business growth. This follows quarterly earnings of $2.84 per share, ahead of the $2.80 consensus estimate, which has helped strengthen the investment case despite revenue coming in slightly below expectations. Cullen/Frost Bankers Earnings Call Highlights Growth
- Positive Sentiment: TD Cowen initiated or reiterated a Buy rating on Cullen/Frost, adding to the positive analyst sentiment around the stock. Cullen/Frost Bankers Receives a Buy from TD Cowen
- Positive Sentiment: Wall Street Zen also upgraded its rating on CFR, providing another favorable signal for investor sentiment. Cullen/Frost Bankers Stock Rating Upgraded by Wall Street Zen
- Neutral Sentiment: Evercore ISI reaffirmed its Hold rating, suggesting the firm sees limited near-term catalysts relative to the stock’s valuation. Evercore ISI Reaffirms Hold Rating
- Negative Sentiment: Keefe, Bruyette & Woods downgraded CFR from Outperform to Market Perform and reduced its price target to $175 from $180. Although the target still implies upside, the downgrade signals more cautious expectations.
- Negative Sentiment: Executive Vice President Bobby Berman sold 2,406 shares worth approximately $378,000, reducing his holdings by 7.81%. While not necessarily fundamental, insider selling can weigh modestly on sentiment.
Cullen/Frost Bankers Company Profile
(
Get Free Report)
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 personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.
Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.
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