Key Points
- Cullen/Frost Bankers CAO Matthew Bradley Henson sold 534 shares for about $85,290, reducing his holdings by 62.75% to 317 shares.
- Third-quarter EPS of $2.84 topped analysts’ $2.80 estimate, while revenue of $603.83 million missed expectations. The bank declared a quarterly dividend of $1.03 per share.
- Analyst sentiment is mixed, with a consensus Hold rating and an average price target of $171.55.
Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) CAO Matthew Bradley Henson sold 534 shares of Cullen/Frost Bankers stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $159.72, for a total value of $85,290.48. Following the completion of the sale, the chief accounting officer owned 317 shares of the company's stock, valued at $50,631.24. This trade represents a 62.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cullen/Frost Bankers Trading Down 0.8%
NYSE CFR opened at $158.97 on Wednesday. Cullen/Frost Bankers, Inc. has a 12 month low of $119.14 and a 12 month high of $170.80. The company has a 50-day moving average of $157.60 and a 200-day moving average of $149.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $9.88 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.71 and a beta of 0.52.
Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. The business had revenue of $603.83 million for the quarter, compared to analysts' expectations of $610.19 million. During the same period last year, the company earned $2.67 earnings per share. As a group, equities analysts predict that Cullen/Frost Bankers, Inc. will post 11.00 earnings per share for the current year.
Cullen/Frost Bankers Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend 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%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on CFR shares. Barclays increased their target price on Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Monday, October 5th. TD Cowen reduced 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. Stephens boosted their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Cantor Fitzgerald dropped their price objective on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a "neutral" rating for the company in a research report on Wednesday, October 14th. Finally, DA Davidson raised their target price on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the company a "neutral" rating in a research note on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and an average price target of $171.55.
View Our Latest Report on CFR
Institutional Investors Weigh In On Cullen/Frost Bankers
A number of large investors have recently modified their holdings of CFR. Symphony Financial Ltd. Co. lifted its position in Cullen/Frost Bankers by 2.2% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank's stock worth $539,000 after acquiring an additional 75 shares in the last quarter. Reyes Financial Architecture Inc. grew its position in Cullen/Frost Bankers by 14.4% in the third quarter. Reyes Financial Architecture Inc. now owns 611 shares of the bank's stock valued at $93,000 after acquiring an additional 77 shares in the last quarter. D.A. Davidson & CO. grew its position in Cullen/Frost Bankers by 4.4% in the third quarter. D.A. Davidson & CO. now owns 1,947 shares of the bank's stock valued at $297,000 after acquiring an additional 82 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Cullen/Frost Bankers by 1.0% in the third quarter. Pictet Asset Management Holding SA now owns 9,293 shares of the bank's stock valued at $1,419,000 after acquiring an additional 95 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Cullen/Frost Bankers by 0.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank's stock valued at $1,771,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.
Cullen/Frost Bankers News Summary
Here are the key news stories impacting Cullen/Frost Bankers this week:
- Positive Sentiment: Zacks upgraded CFR to Rank #2 (Buy), citing greater optimism about the bank’s earnings prospects. Cullen-Frost Upgraded to Buy: Here’s Why
- Positive Sentiment: The company’s third-quarter results included EPS of $2.84, ahead of the $2.80 analyst consensus, and its earnings call highlighted business growth. Revenue of $603.83 million, however, fell short of expectations of $610.19 million. Cullen/Frost Bankers Earnings Call Highlights Growth
- Neutral Sentiment: Analyst views remain mixed: the average rating is Hold, with a reported average price target of $171.55. The bank also declared a quarterly dividend of $1.03 per share, equivalent to $4.12 annually.
- Negative Sentiment: Keefe, Bruyette & Woods lowered its rating from Outperform to Market Perform and cut its price target from $180 to $175. The target remains above the recent share price, but the downgrade signals greater caution. Keefe, Bruyette & Woods ratings
- Negative Sentiment: Two executives reported share sales: EVP Bobby Berman sold 2,406 shares, reducing his holdings by 7.81%, and CAO Matthew Bradley Henson sold 534 shares, reducing his position by 62.75%. Insider sales can create a modest sentiment headwind, though they do not necessarily indicate a change in the company’s outlook. Bobby Berman insider sale Matthew Henson SEC filing
About Cullen/Frost Bankers
(
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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