Cullen/Frost Bankers (NYSE:CFR – Get Free Report) released its quarterly earnings data on Thursday. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14, Briefing.com reports. Cullen/Frost Bankers had a return on equity of 17.72% and a net margin of 24.88%. During the same quarter last year, the company earned $2.47 earnings per share.
Cullen/Frost Bankers Price Performance
Shares of CFR opened at $119.74 on Friday. The stock has a market cap of $7.69 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 1 year low of $82.25 and a 1 year high of $123.17. The stock’s 50-day moving average price is $102.68 and its two-hundred day moving average price is $105.89.
Cullen/Frost Bankers Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 44.92%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Cullen/Frost Bankers
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.
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