Cullen/Frost Bankers, Inc. (CFR) To Go Ex-Dividend on February 27th

Cullen/Frost Bankers, Inc. (NYSE:CFR) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 27th will be paid a dividend of 1.00 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, February 27th.

Cullen/Frost Bankers has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 32 consecutive years. Cullen/Frost Bankers has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cullen/Frost Bankers to earn $8.91 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.9%.

Cullen/Frost Bankers Trading Down 0.8%

NYSE CFR opened at $137.69 on Friday. The firm has a market capitalization of $8.80 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.74 and a beta of 0.63. Cullen/Frost Bankers has a one year low of $100.31 and a one year high of $145.53. The company has a 50-day simple moving average of $131.25 and a 200-day simple moving average of $128.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.During the same period in the previous year, the firm posted $2.36 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers will post 8.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on CFR shares. Royal Bank Of Canada upped their price objective on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup upped their target price on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Finally, DA Davidson raised their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $138.18.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.