Cullen/Frost Bankers Inc. (NYSE:CFR) announced a quarterly dividend on Thursday, October 27th. Investors of record on Wednesday, November 30th will be given a dividend of 0.54 per share on Thursday, December 15th. This represents a $2.16 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, November 28th.

Shares of Cullen/Frost Bankers (NYSE:CFR) opened at 82.60 on Wednesday. Cullen/Frost Bankers has a 12-month low of $42.41 and a 12-month high of $86.18. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 19.20 and a beta of 1.15. The company’s 50-day moving average price is $76.46 and its 200 day moving average price is $69.63.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.08. The firm had revenue of $317.78 million for the quarter, compared to analyst estimates of $301.04 million. Cullen/Frost Bankers had a return on equity of 9.61% and a net margin of 25.06%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. On average, equities analysts predict that Cullen/Frost Bankers will post $4.63 earnings per share for the current year.

Dividend History for Cullen/Frost Bankers (NYSE:CFR)

In related news, Director Jack A. Wood sold 187,000 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $82.89, for a total transaction of $15,500,430.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack A. Wood sold 2,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $73.14, for a total value of $146,280.00. The disclosure for this sale can be found here. 8.03% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFR. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cullen/Frost Bankers by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the company’s stock valued at $131,000 after buying an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Cullen/Frost Bankers by 4.1% in the second quarter. Ameritas Investment Partners Inc. now owns 9,279 shares of the company’s stock valued at $591,000 after buying an additional 367 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Cullen/Frost Bankers by 9.1% in the second quarter. Thrivent Financial for Lutherans now owns 7,650 shares of the company’s stock valued at $488,000 after buying an additional 640 shares during the last quarter. BOKF NA boosted its position in Cullen/Frost Bankers by 7.5% in the second quarter. BOKF NA now owns 16,290 shares of the company’s stock valued at $1,039,000 after buying an additional 1,131 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Cullen/Frost Bankers by 7.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,175 shares of the company’s stock valued at $1,595,000 after buying an additional 1,608 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on CFR shares. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 28th. Maxim Group lifted their price target on Cullen/Frost Bankers from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Barclays PLC lifted their price target on Cullen/Frost Bankers from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Thursday, July 28th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $70.00 price target (up from $63.00) on shares of Cullen/Frost Bankers in a research note on Thursday, July 28th. Finally, Jefferies Group lifted their price target on Cullen/Frost Bankers from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.13.

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Cullen/Frost Bankers Company Profile

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.

5 Day Chart for NYSE:CFR

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