NYSE:CFR - Cullen/Frost Bankers Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$97.95 -0.72 (-0.73 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$97.95
Today's Range$97.53 - $99.33
52-Week Range$81.87 - $121.66
Volume234,501 shs
Average Volume291,128 shs
Market Capitalization$6.18 billion
P/E Ratio14.20
Dividend Yield2.74%
Beta1.38
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.

Receive CFR News and Ratings via Email

Sign-up to receive the latest news and ratings for CFR and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP22989910
Phone210-220-4011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$9.3822 per share
Book Value$54.67 per share

Profitability

Net Income$454.91 million

Miscellaneous

Employees4,370
Market Cap$6.18 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Cullen/Frost Bankers (NYSE:CFR) Frequently Asked Questions

What is Cullen/Frost Bankers' stock symbol?

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

How often does Cullen/Frost Bankers pay dividends? What is the dividend yield for Cullen/Frost Bankers?

Cullen/Frost Bankers announced a quarterly dividend on Thursday, April 25th. Investors of record on Friday, May 31st will be given a dividend of $0.71 per share on Friday, June 14th. This represents a $2.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.67. View Cullen/Frost Bankers' Dividend History.

How will Cullen/Frost Bankers' stock buyback program work?

Cullen/Frost Bankers declared that its board has authorized a share buyback plan on Thursday, October 26th 2017, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

How were Cullen/Frost Bankers' earnings last quarter?

Cullen/Frost Bankers, Inc. (NYSE:CFR) released its quarterly earnings results on Thursday, April, 25th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.75 by $0.04. The bank earned $367.96 million during the quarter, compared to analyst estimates of $366.47 million. Cullen/Frost Bankers had a net margin of 32.16% and a return on equity of 14.30%. Cullen/Frost Bankers's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. View Cullen/Frost Bankers' Earnings History.

When is Cullen/Frost Bankers' next earnings date?

Cullen/Frost Bankers is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Cullen/Frost Bankers.

What price target have analysts set for CFR?

8 Wall Street analysts have issued 12 month target prices for Cullen/Frost Bankers' shares. Their forecasts range from $95.00 to $118.00. On average, they expect Cullen/Frost Bankers' share price to reach $103.50 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Cullen/Frost Bankers.

What is the consensus analysts' recommendation for Cullen/Frost Bankers?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cullen/Frost Bankers in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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." (5/13/2019)
  • 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?

News coverage about CFR stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cullen/Frost Bankers earned a coverage optimism score of 1.9 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

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

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 Alibaba Group (BABA), Verizon Communications (VZ), Lam Research (LRCX), NVIDIA (NVDA), Applied Materials (AMAT), Amgen (AMGN), Broadcom (AVGO), PepsiCo (PEP), Boeing (BA) and Baxter International (BAX).

Who are Cullen/Frost Bankers' key executives?

Cullen/Frost Bankers' management team includes the folowing 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)
  • Mr. Michael E. Russell, Group Exec. VP & COO (Age 62)

Who are Cullen/Frost Bankers' major shareholders?

Cullen/Frost Bankers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.24%), JPMorgan Chase & Co. (4.37%), Aristotle Capital Management LLC (3.81%), King Luther Capital Management Corp (3.52%), Wellington Management Group LLP (3.33%) and FMR LLC (3.30%). Company insiders that own Cullen/Frost Bankers stock include Annette M Alonzo, Bobby Berman, Candace K Wolfshohl, Carlos Alvarez, Carol Jean Severyn, Cynthia Jane Comparin, Gary C Mcknight, Graham M Weston, Jerry Salinas, Jimmy Stead, Paul Bracher, Phillip D Green, R Denny Alexander, Samuel G Dawson and William L Perotti. 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 FMR LLC, Crawford Investment Counsel Inc., Renaissance Technologies LLC, Montrusco Bolton Investments Inc., Goldman Sachs Group Inc., BlackRock Inc., Neuberger Berman Group LLC and The Manufacturers Life Insurance Company . Company insiders that have sold Cullen/Frost Bankers company stock in the last year include Bobby Berman, Carol Jean Severyn, Jerry Salinas, Jimmy Stead and Phillip D Green. View Insider Buying and Selling 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 JPMorgan Chase & Co., Wellington Management Group LLP, Ellis Investment Partners LLC, Ellis Investment Partners LLC, Aristotle Capital Management LLC, Man Group plc, Natixis and Principal Financial Group Inc.. Company insiders that have bought Cullen/Frost Bankers stock in the last two years include Carlos Alvarez, Cynthia Jane Comparin, Graham M Weston and Samuel G Dawson. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Cullen/Frost Bankers' stock price today?

One share of CFR stock can currently be purchased for approximately $97.95.

How big of a company is Cullen/Frost Bankers?

Cullen/Frost Bankers has a market capitalization of $6.18 billion and generates $1.40 billion in revenue each year. The bank earns $454.91 million in net income (profit) each year or $6.90 on an earnings per share basis. Cullen/Frost Bankers employs 4,370 workers across the globe.

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 100 W HOUSTON ST, SAN ANTONIO TX, 78205. The bank can be reached via phone at 210-220-4011 or via email at [email protected]


MarketBeat Community Rating for Cullen/Frost Bankers (NYSE CFR)

Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  286 (Vote Outperform)
Underperform Votes:  743 (Vote Underperform)
Total Votes:  1,029
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.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel