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

$70.93

+4.85 (+7.34 %)

(As of 04/9/2020 04:00 PM ET)

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Today's Range

$67.08

Now: $70.93▼

$72.25

50-Day Range

$49.22

MA: $67.35▼

$94.38

52-Week Range

$47.69

Now: $70.93▼

$104.53

Volume824,623 shs

Average Volume615,322 shs

Market Capitalization$4.45 billion

P/E Ratio10.37

Dividend Yield4.30%

Beta1.53

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.

Beat the Market (BTM) Rank^™

2.9 Analyst's Opinion

Consensus Rating
Cullen/Frost Bankers has received a consensus rating of Hold. The company's average rating score is 1.78, and is based on 2 buy ratings, 3 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $84.89, Cullen/Frost Bankers has a potential upside of 19.7% from its current price of $70.93.
Amount of Analyst Coverage
Cullen/Frost Bankers has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.4 Community Rank

Outperform Votes
Cullen/Frost Bankers has received 322 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cullen/Frost Bankers has received 835 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cullen/Frost Bankers has received 72.17% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
Cullen/Frost Bankers is a leading dividend payer. It pays a dividend yield of 4.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cullen/Frost Bankers has been increasing its dividend for 27 years.
Dividend Coverage
The dividend payout ratio of Cullen/Frost Bankers is 41.52 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cullen/Frost Bankers will have a dividend payout ratio of 53.89 % next year. This indicates that Cullen/Frost Bankers will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cullen/Frost Bankers insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,114,425.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.75% of the stock of Cullen/Frost Bankers is held by insiders.
Percentage Held by Institutions
83.70% of the stock of Cullen/Frost Bankers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Cullen/Frost Bankers are expected to grow by 1.35% in the coming year, from $5.20 to $5.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cullen/Frost Bankers is 10.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cullen/Frost Bankers is 10.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.51.
Price to Earnings Growth Ratio
Cullen/Frost Bankers has a PEG Ratio of 1.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cullen/Frost Bankers has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.03 out of 5 stars

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 Ratio10.37

Forward P/E Ratio13.64

P/E Growth1.26

Sales & Book Value

Annual Sales$1.50 billion

Price / Sales2.97

Cash Flow$11.17 per share

Price / Cash Flow6.35

Book Value$60.10 per share

Price / Book1.18

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 Shares62,677,000

Market Cap$4.45 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 shares have increased by 25.7% and is now trading at $70.93. View which stocks have been most impacted by Coronavirus.

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

9 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 2 buy ratings 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) released its quarterly earnings data on Thursday, January, 30th. The bank reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.03. The bank had revenue of $370.29 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.82 EPS. 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 declared 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 yield of 4.00%. 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 has approved a share repurchase program on Thursday, July 25th 2019, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

What price target have analysts set for CFR?

9 equities research analysts have issued 1 year target prices for Cullen/Frost Bankers' stock. Their forecasts range from $63.00 to $100.00. On average, they anticipate Cullen/Frost Bankers' stock price to reach $84.89 in the next twelve months. This suggests a possible upside of 19.7% 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?

Media coverage about CFR stock has been trending very negative on Thursday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cullen/Frost Bankers earned a news impact score of -3.3 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCullen/Frost Bankers.

Are investors shorting Cullen/Frost Bankers?

Cullen/Frost Bankers saw a increase in short interest in 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 trading volume, of 427,100 shares, the short-interest ratio is currently 10.3 days. Currently, 7.9% of the shares of the stock are sold short. View Cullen/Frost Bankers' Current Options Chain.

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

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

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), PepsiCo (PEP), Alibaba Group (BABA), Amgen (AMGN), Exxon Mobil (XOM), Lam Research (LRCX), Chevron (CVX), Dominion Energy (D), Home Depot (HD) and ONEOK (OKE).

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."

Who are Cullen/Frost Bankers' major shareholders?

Cullen/Frost Bankers' stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.36%), Callahan Advisors LLC (0.07%), Neville Rodie & Shaw Inc. (0.03%) and State of Alaska Department of Revenue (0.02%). 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, Jimmy Stead, Patrick B Frost, Paul Bracher, Phillip D Green and Samuel G Dawson. View institutional ownership trends for Cullen/Frost Bankers.

Which major investors are selling Cullen/Frost Bankers stock?

CFR stock was sold by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc., and Callahan Advisors LLC. Company insiders that have sold Cullen/Frost Bankers company stock in the last year include Jerry Salinas, Patrick B Frost, Paul Bracher, and Phillip D Green. View insider buying and selling activity for Cullen/Frost Bankers.

Which major investors are buying Cullen/Frost Bankers stock?

CFR stock was purchased by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, and State of Alaska Department of Revenue. 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.

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 $70.93.

How big of a company is Cullen/Frost Bankers?

Cullen/Frost Bankers has a market capitalization of $4.45 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]

This page was last updated on 4/9/2020 by MarketBeat.com Staff

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

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Beat the Market (BTM) Rank™

2.9 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

1.4 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment