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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CFR. Maxim Group reissued a "buy" rating and issued a $162.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, April 29th. Wolfe Research reduced their target price on shares of Cullen/Frost Bankers from $161.00 to $132.00 and set an "outperform" rating for the company in a research note on Thursday, May 26th. Wedbush upgraded Cullen/Frost Bankers to a "neutral" rating in a research note on Tuesday. 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 reduced their price objective on shares of Cullen/Frost Bankers from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $137.75.

Cullen/Frost Bankers Stock Performance

CFR Stock traded up $1.39 on Wednesday, hitting $133.45. The company had a trading volume of 6,111 shares, compared to its average volume of 386,180. 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 has a 12-month low of $106.66 and a 12-month high of $147.39. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.72 and a beta of 1.21. The stock's 50-day simple moving average is $122.10 and its 200 day simple moving average is $131.30.

Cullen/Frost Bankers (NYSE:CFR - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $1.81 earnings per share for the quarter, beating 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 previous year, the company posted $1.80 EPS. As a group, equities research analysts expect that Cullen/Frost Bankers will post 8.04 earnings per share for the current fiscal 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 issued a $0.87 dividend. The ex-dividend date is Tuesday, August 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.75. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.61%. Cullen/Frost Bankers's payout ratio is 46.08%.

Insider Activity

In other news, insider Patrick B. Frost sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $128.19, for a total transaction of $2,307,420.00. Following the transaction, the insider now owns 206,676 shares of the company's stock, valued at $26,493,796.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.76% of the company's stock.