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

$55.79
-0.55 (-0.98 %)
(As of 04/1/2020 06:37 AM ET)
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Today's Range
$54.98
Now: $55.79▼
$57.99
50-Day Range
$49.22
MA: $73.80▼
$94.38
52-Week Range
$47.69
Now: $55.79▼
$104.53
Volume417,495 shs
Average Volume1.11 million shs
Market Capitalization$3.50 billion
P/E Ratio8.16
Dividend Yield5.04%
Beta1.35
Cullen/Frost Bankers, Inc. operates as the 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 194 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; holds securities for investment purposes; and provides loans to qualified borrowers, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 131 financial centers and 1,200 ATMs. The company serves the 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.
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Industry, Sector and Symbol

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:CFR
Previous Symbol
CUSIP22989910
CIK39263
Webhttp://www.frostbank.com/
Phone210-220-4011

Debt

Debt-to-Equity Ratio0.06
Current Ratio0.63
Quick Ratio0.63

Price-To-Earnings

Trailing P/E Ratio8.16
Forward P/E Ratio10.63
P/E Growth1.13

Sales & Book Value

Annual Sales$1.50 billion
Price / Sales2.33
Cash Flow$9.69 per share
Price / Cash Flow5.76
Book Value$60.10 per share
Price / Book0.93

Profitability

EPS (Most Recent Fiscal Year)$6.84
Net Income$443.60 million
Net Margins29.62%
Return on Equity12.19%
Return on Assets1.36%

Miscellaneous

Employees4,659
Outstanding Shares62,680,000
Market Cap$3.50 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Cullen/Frost Bankers (NYSE:CFR) Frequently Asked Questions

How has Cullen/Frost Bankers' stock been impacted by COVID-19 (Coronavirus)?

Cullen/Frost Bankers' stock was trading at $56.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CFR stock has decreased by 1.2% and is now trading at $55.79. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cullen/Frost Bankers?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cullen/Frost Bankers in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cullen/Frost Bankers.

When is Cullen/Frost Bankers' next earnings date?

Cullen/Frost Bankers is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Cullen/Frost Bankers.

How were Cullen/Frost Bankers' earnings last quarter?

Cullen/Frost Bankers, Inc. (NYSE:CFR) announced its quarterly earnings data on Thursday, January, 30th. The bank reported $1.60 EPS for the quarter, topping the consensus estimate of $1.57 by $0.03. The bank earned $370.29 million during the quarter, compared to analysts' expectations of $364.56 million. Cullen/Frost Bankers had a return on equity of 12.19% and a net margin of 29.62%. During the same quarter last year, the firm posted $1.82 earnings per share. View Cullen/Frost Bankers' earnings history.

How often does Cullen/Frost Bankers pay dividends? What is the dividend yield for Cullen/Frost Bankers?

Cullen/Frost Bankers announced a quarterly dividend on Friday, January 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.71 per share on Friday, March 13th. This represents a $2.84 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Thursday, February 27th. View Cullen/Frost Bankers' dividend history.

How will Cullen/Frost Bankers' stock buyback program work?

Cullen/Frost Bankers announced that its Board of Directors has authorized a share buyback program on Thursday, July 25th 2019, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for CFR?

8 Wall Street analysts have issued 1 year price objectives for Cullen/Frost Bankers' shares. Their forecasts range from $72.00 to $100.00. On average, they expect Cullen/Frost Bankers' stock price to reach $86.63 in the next twelve months. This suggests a possible upside of 55.3% from the stock's current price. View analysts' price targets for Cullen/Frost Bankers.

What are Wall Street analysts saying about Cullen/Frost Bankers stock?

Here are some recent quotes from research analysts about Cullen/Frost Bankers stock:
  • 1. According to Zacks Investment Research, "Shares of Cullen/Frost have underperformed the industry, over the past three months. The first-quarter 2019 results indicated top-line strength, elevated expenses and provisions. The company’s significant exposure to real estate in its loan portfolio remains a concern. Further, rising costs, mainly resulting from expanding franchise, are likely to deter bottom-line growth. Also, continued deterioration in credit quality will likely escalate borrowing costs for the company. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. With a rising interest-rate environment and improving non-interest bearing deposits, the company's net interest income and net interest margin are likely to grow." (5/20/2019)
  • 2. Maxim Group analysts commented, "1Q19 EPS of $1.79 beat consensus of $1.74, driven by a wider NIM (up 7bps linked-quarter). on hold and LIBOR down, further NIM expansion is unlikely, so we are tempering previous stronger growth expectations. We are lowering our price target to $110, from $115. This equates to 15.3x our newly-introduced 2020 EPS estimate of $7.20 (versus a 2019E P/E multiple of 16.0x for our previous PT), which is inline with best-in-class Smid-Cap banks. Relative to other banks, CFR has superior organic growth prospects and a superior credit culture, in our view." (4/26/2019)

Has Cullen/Frost Bankers been receiving favorable news coverage?

News stories about CFR stock have trended very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cullen/Frost Bankers earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View the latest news aboutCullen/Frost Bankers.

Are investors shorting Cullen/Frost Bankers?

Cullen/Frost Bankers saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,394,700 shares, an increase of 27.8% from the February 27th total of 3,440,000 shares. Based on an average daily volume of 427,100 shares, the short-interest ratio is currently 10.3 days. Currently, 7.9% of the company's stock are short sold. View Cullen/Frost Bankers' Current Options Chain.

Who are some of Cullen/Frost Bankers' key competitors?

What other stocks do shareholders of Cullen/Frost Bankers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cullen/Frost Bankers investors own include Verizon Communications (VZ), Alibaba Group (BABA), PepsiCo (PEP), Exxon Mobil (XOM), Amgen (AMGN), Lam Research (LRCX), Chevron (CVX), Home Depot (HD), Broadcom (AVGO) and NVIDIA (NVDA).

Who are Cullen/Frost Bankers' key executives?

Cullen/Frost Bankers' management team includes the following people:
  • Mr. Phillip D. Green, Chairman & CEO (Age 64)
  • Mr. Paul H. Bracher, Pres (Age 62)
  • Mr. Jerry Salinas, Group Exec. VP & CFO (Age 60)
  • Mr. William L. Perotti, Group Exec. VP & Chief Credit Officer (Age 61)
  • Sosuke Takemura, Head of Fin.

What is Cullen/Frost Bankers' stock symbol?

Cullen/Frost Bankers trades on the New York Stock Exchange (NYSE) under the ticker symbol "CFR."

How do I buy shares of Cullen/Frost Bankers?

Shares of CFR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cullen/Frost Bankers' stock price today?

One share of CFR stock can currently be purchased for approximately $55.79.

How big of a company is Cullen/Frost Bankers?

Cullen/Frost Bankers has a market capitalization of $3.50 billion and generates $1.50 billion in revenue each year. The bank earns $443.60 million in net income (profit) each year or $6.84 on an earnings per share basis. Cullen/Frost Bankers employs 4,659 workers across the globe. View additional information about Cullen/Frost Bankers.

What is Cullen/Frost Bankers' official website?

The official website for Cullen/Frost Bankers is http://www.frostbank.com/.

How can I contact Cullen/Frost Bankers?

Cullen/Frost Bankers' mailing address is 111 W HOUSTON ST, SAN ANTONIO TX, 78205. The bank can be reached via phone at 210-220-4011 or via email at [email protected]


MarketBeat Community Rating for Cullen/Frost Bankers (NYSE CFR)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  321 (Vote Outperform)
Underperform Votes:  833 (Vote Underperform)
Total Votes:  1,154
MarketBeat's community ratings are surveys of what our community members think about Cullen/Frost Bankers and other stocks. Vote "Outperform" if you believe CFR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CFR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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