Cullen/Frost Bankers Stock Forecast, Price & News

Cullen/Frost Bankers' stock was trading at $56.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CFR shares have increased by 20.3% and is now trading at $67.92.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cullen/Frost Bankers in the last year. There are currently 6 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, October 29th 2020.
View our earnings forecast for Cullen/Frost Bankers.

Cullen/Frost Bankers, Inc. (NYSE:CFR) issued its quarterly earnings data on Thursday, July, 30th. The bank reported $1.47 EPS for the quarter, beating the Zacks' consensus estimate of $0.77 by $0.70. The bank had revenue of $347.32 million for the quarter, compared to analysts' expectations of $357.31 million. Cullen/Frost Bankers had a net margin of 23.29% and a return on equity of 7.27%. During the same period in the prior year, the business posted $1.72 earnings per share.
View Cullen/Frost Bankers' earnings history.

Cullen/Frost Bankers announced a quarterly dividend on Friday, July 31st. Shareholders of record on Monday, August 31st will be given a dividend of $0.71 per share on Tuesday, September 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, August 28th.
View Cullen/Frost Bankers' dividend history.

Cullen/Frost Bankers announced that its board has authorized a stock repurchase plan on Thursday, July 25th 2019, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

12 brokerages have issued 12-month target prices for Cullen/Frost Bankers' stock. Their forecasts range from $60.00 to $97.00. On average, they anticipate Cullen/Frost Bankers' share price to reach $78.80 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
View analysts' price targets for Cullen/Frost Bankers.

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), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and First Financial Bankshares (FFIN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cullen/Frost Bankers investors own include Verizon Communications (VZ), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Cisco Systems (CSCO), Coca-Cola (KO), PepsiCo (PEP), Chevron (CVX), IBM (IBM), Intel (INTC) and JPMorgan Chase & Co. (JPM).

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

Cullen/Frost Bankers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.25%), FMR LLC (4.30%), King Luther Capital Management Corp (3.80%), Neuberger Berman Group LLC (2.82%), Principal Financial Group Inc. (1.79%) and Principal Financial Group Inc. (1.79%). 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 sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Jacobs Levy Equity Management Inc., Davis R M Inc., Russell Investments Group Ltd., PNC Financial Services Group Inc., PNC Financial Services Group Inc., RMB Capital Management LLC, and WINTON GROUP Ltd. Company insiders that have sold Cullen/Frost Bankers company stock in the last year include Jerry Salinas, Paul Bracher, and William L Perotti.
View insider buying and selling activity for Cullen/Frost Bankers.

CFR stock was purchased by a variety of institutional investors in the last quarter, including King Luther Capital Management Corp, Goldman Sachs Group Inc., Neuberger Berman Group LLC, ProShare Advisors LLC, MERIAN GLOBAL INVESTORS UK Ltd, Rafferty Asset Management LLC, Sei Investments Co., and Cullen Frost Bankers Inc.. 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 $67.92.

Cullen/Frost Bankers has a market capitalization of $4.26 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]