NYSE:CFRCullen/Frost Bankers Stock Price, Forecast & News

Cullen/Frost Bankers' stock was trading at $56.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CFR shares have increased by 25.0% and is now trading at $70.56. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cullen/Frost Bankers in the last year. There are currently 5 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cullen/Frost Bankers.

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

Cullen/Frost Bankers, Inc. (NYSE:CFR) issued its quarterly earnings data on Thursday, April, 30th. The bank reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.91 by $0.16. The bank had revenue of $481.37 million for the quarter, compared to analysts' expectations of $364.53 million. Cullen/Frost Bankers had a return on equity of 10.23% and a net margin of 23.89%. During the same period last year, the company posted $1.79 earnings per share. View Cullen/Frost Bankers' earnings history.

Cullen/Frost Bankers declared a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 29th will be given a dividend of $0.71 per share on Monday, June 15th. This represents a $2.84 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, May 28th. View Cullen/Frost Bankers' dividend history.

Cullen/Frost Bankers declared that its Board of Directors has approved a stock repurchase program on Thursday, July 25th 2019, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

11 brokerages have issued 1 year target prices for Cullen/Frost Bankers' shares. Their forecasts range from $60.00 to $97.00. On average, they anticipate Cullen/Frost Bankers' share price to reach $77.70 in the next year. This suggests a possible upside of 10.1% from the stock's current price. View analysts' price targets for Cullen/Frost Bankers.

Media stories about CFR stock have been trending negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cullen/Frost Bankers earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an effect on the stock's share price in the near term. View the latest news about Cullen/Frost Bankers.

Cullen/Frost Bankers saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,880,000 shares, a decrease of 12.6% from the May 31st total of 4,440,000 shares. Based on an average daily trading volume, of 772,900 shares, the days-to-cover ratio is currently 5.0 days. Currently, 7.0% of the company's shares are short sold. View Cullen/Frost Bankers' Current Options Chain.

Some companies that are related to Cullen/Frost Bankers include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and TCF Financial (TCF). View all competitors.

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), Chevron (CVX), Lam Research (LRCX), ONEOK (OKE), United Technologies (UTX) and Walgreens Boots Alliance (WBA).

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

Cullen/Frost Bankers' stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.37%). Company insiders that own Cullen/Frost Bankers stock include Bobby Berman, Carlos Alvarez, Carol Jean Severyn, Charles W Matthews, Chris Avery, Cynthia Jane Comparin, Graham M Weston, Jerry Salinas, Patrick B Frost, Paul Bracher, Phillip D Green, Samuel G Dawson and William L Perotti. View institutional ownership trends for Cullen/Frost Bankers.

CFR stock was purchased by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. Company insiders that have bought Cullen/Frost Bankers stock in the last two years include Carlos Alvarez, Charles W Matthews, Chris Avery, Cynthia Jane Comparin, Graham M Weston, and Samuel G Dawson. View insider buying and selling activity for 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.

One share of CFR stock can currently be purchased for approximately $70.56.

Cullen/Frost Bankers has a market capitalization of $4.41 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.

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

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]