Cullen/Frost Bankers, Inc. (CFR) To Go Ex-Dividend on February 28th

Cullen/Frost Bankers, Inc. (NYSE:CFR) announced a quarterly dividend on Saturday, January 25th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.95 per share by the bank on Friday, March 14th. This represents a $3.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, February 28th.

Cullen/Frost Bankers has raised its dividend by an average of 8.4% annually over the last three years and has raised its dividend every year for the last 31 years. Cullen/Frost Bankers has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings. 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 $3.80 annual dividend with an expected future payout ratio of 42.6%.

Cullen/Frost Bankers Stock Up 0.5 %

CFR traded up $0.67 on Wednesday, reaching $137.33. The company’s stock had a trading volume of 22,685 shares, compared to its average volume of 439,387. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64. The business’s 50 day moving average is $138.38 and its 200 day moving average is $128.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 6.46 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. As a group, research analysts forecast that Cullen/Frost Bankers will post 8.85 EPS for the current fiscal year.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CFR. Stephens increased their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI increased their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Compass Point increased their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $132.54.

Cullen/Frost Bankers Company Profile

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.