Cullen/Frost Bankers - CFR Stock Forecast, Price & News

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

Analysts Set New Price Targets

CFR has been the subject of a number of research analyst reports. Stephens upped their target price on Cullen/Frost Bankers from $133.00 to $145.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 2nd. Truist Financial decreased their target price on Cullen/Frost Bankers from $149.00 to $134.00 in a research report on Wednesday, June 15th. Maxim Group reissued a "buy" rating and issued a $162.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, April 29th. Compass Point raised Cullen/Frost Bankers from a "sell" rating to a "neutral" rating and set a $128.00 target price for the company in a research report on Wednesday, July 13th. Finally, Raymond James decreased their target price on Cullen/Frost Bankers from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $137.75.

Cullen/Frost Bankers Stock Performance

Shares of CFR Stock opened at $131.57 on Friday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The stock has a 50 day simple moving average of $121.85 and a 200-day simple moving average of $131.31. Cullen/Frost Bankers has a 12-month low of $106.66 and a 12-month high of $147.39. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.07.

Cullen/Frost Bankers (NYSE:CFR - Get Rating) last issued its earnings results on Thursday, July 28th. The bank reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.04. Cullen/Frost Bankers had a return on equity of 11.13% and a net margin of 29.19%. During the same quarter in the prior year, the business posted $1.80 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers will post 8.04 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, August 30th. Cullen/Frost Bankers's dividend payout ratio is 46.08%.