Cullen/Frost Bankers Inc. (NYSE:CFR) declared a quarterly dividend on Thursday, July 28th. Investors of record on Wednesday, August 31st will be given a dividend of 0.54 per share on Thursday, September 15th. This represents a $2.16 annualized dividend and a yield of 3.11%.
In other Cullen/Frost Bankers news, EVP Paul Olivier sold 3,476 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $67.27, for a total transaction of $233,830.52. Following the sale, the executive vice president now directly owns 16,143 shares in the company, valued at approximately $1,085,939.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cullen/Frost Bankers (NYSE:CFR) traded down 1.12% during trading on Thursday, reaching $69.45. 895,456 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $65.05 and its 200-day moving average price is $58.12. Cullen/Frost Bankers has a 52 week low of $42.41 and a 52 week high of $73.99. The stock has a market capitalization of $4.31 billion and a price-to-earnings ratio of 16.36.
Several research analysts recently issued reports on CFR shares. Maxim Group increased their price target on shares of Cullen/Frost Bankers from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Wednesday, April 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $64.00 target price on shares of Cullen/Frost Bankers in a report on Sunday, May 22nd. Vetr cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “buy” rating and set a $66.00 target price for the company. in a report on Tuesday, June 28th. Finally, Evercore ISI raised shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating and increased their target price for the company from $52.00 to $67.00 in a report on Thursday, June 9th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $66.38.
Cullen/Frost Bankers, Inc is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services.
