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.

Cullen/Frost Bankers Price Performance

CFR Stock opened at $136.49 on Friday. The firm has a 50 day moving average of $122.60 and a 200-day moving average of $131.38. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.76 and a beta of 1.21. 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.

Cullen/Frost Bankers (NYSE:CFR - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The bank reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $1.80 earnings per share. As a group, equities analysts expect that Cullen/Frost Bankers will post 8.04 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.55%. This is a boost 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 presently 46.08%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CFR. JPMorgan Chase & Co. upgraded shares of Cullen/Frost Bankers from an "underweight" rating to an "overweight" rating and increased their price target for the stock from $143.00 to $155.00 in a research note on Wednesday, June 15th. Stephens upped their price objective on Cullen/Frost Bankers from $133.00 to $145.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 2nd. Compass Point upgraded Cullen/Frost Bankers from a "sell" rating to a "neutral" rating and set a $128.00 target price on the stock in a research note on Wednesday, July 13th. StockNews.com raised shares of Cullen/Frost Bankers from a "sell" rating to a "hold" rating in a research note on Friday, July 29th. Finally, Truist Financial reduced their target price on shares of Cullen/Frost Bankers from $149.00 to $134.00 in a research note on Wednesday, June 15th. One 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $137.75.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Patrick B. Frost sold 18,000 shares of the stock in a transaction 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 sale, the insider now owns 206,676 shares in the company, valued at approximately $26,493,796.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.76% of the stock is currently owned by insiders.