Cullen/Frost Bankers, Inc. Declares Quarterly Dividend of $1.00 (NYSE:CFR)

Key Points

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Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 1.00 per share by the bank on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 29th.

Cullen/Frost Bankers has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cullen/Frost Bankers to earn $8.91 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.9%.

Cullen/Frost Bankers Trading Up 1.0%

Shares of CFR traded up $1.20 during mid-day trading on Monday, hitting $125.40. 556,902 shares of the company's stock traded hands, compared to its average volume of 398,200. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year high of $147.64. The firm has a market capitalization of $8.07 billion, a P/E ratio of 13.50, a PEG ratio of 2.63 and a beta of 0.70. The business's 50-day moving average price is $130.81 and its 200-day moving average price is $128.51.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. The company had revenue of $567.83 million for the quarter, compared to analysts' expectations of $552.04 million. During the same period in the prior year, the firm earned $2.21 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors have recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in Cullen/Frost Bankers during the 1st quarter valued at approximately $30,000. Hantz Financial Services Inc. grew its holdings in Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank's stock valued at $34,000 after buying an additional 264 shares in the last quarter. eCIO Inc. purchased a new position in Cullen/Frost Bankers during the 1st quarter valued at approximately $36,000. Geneos Wealth Management Inc. grew its holdings in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after buying an additional 106 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

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.