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.

Analyst Ratings Changes

A number of equities research analysts recently commented on CFR shares. StockNews.com upgraded Cullen/Frost Bankers from a "sell" rating to a "hold" rating in a research report on Friday, July 29th. Truist Financial lowered their price objective on Cullen/Frost Bankers from $149.00 to $134.00 in a research report on Wednesday, June 15th. Wedbush upgraded Cullen/Frost Bankers to a "neutral" rating in a research report on Tuesday, August 9th. Raymond James lowered their price objective on Cullen/Frost Bankers from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Thursday, July 7th. Finally, Maxim Group reaffirmed a "buy" rating and set a $162.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average target price of $139.75.

Cullen/Frost Bankers Trading Up 1.4 %

Shares of CFR traded up $1.89 during midday trading on Tuesday, reaching $139.98. The company had a trading volume of 201,230 shares, compared to its average volume of 380,910. Cullen/Frost Bankers has a 1-year low of $106.66 and a 1-year high of $147.39. The stock has a market cap of $8.98 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The firm has a 50 day simple moving average of $122.84 and a 200-day simple moving average of $131.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.07.

Cullen/Frost Bankers (NYSE:CFR - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The bank reported $1.81 earnings per share 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 previous year, the firm posted $1.80 earnings per share. Research analysts forecast that Cullen/Frost Bankers will post 8.04 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost 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 2.49%. Cullen/Frost Bankers's dividend payout ratio is currently 46.08%.

Insider Transactions at Cullen/Frost Bankers

In related news, CFO Jerry Salinas sold 12,000 shares of the firm's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $134.03, for a total transaction of $1,608,360.00. Following the completion of the transaction, the chief financial officer now directly owns 27,792 shares in the company, valued at approximately $3,724,961.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jerry Salinas sold 12,000 shares of the firm's stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $134.03, for a total transaction of $1,608,360.00. Following the completion of the transaction, the chief financial officer now directly owns 27,792 shares in the company, valued at approximately $3,724,961.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick B. Frost sold 18,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $128.19, for a total value of $2,307,420.00. Following the completion of the sale, the insider now directly owns 206,676 shares in the company, valued at approximately $26,493,796.44. The disclosure for this sale can be found here. Company insiders own 3.76% of the company's stock.